RaphFX

Bitcoin Bulls ready to unload?

Long
RaphFX Updated   
BITSTAMP:BTCUSD   Bitcoin
Strictly from a technical perspective BTC is currently under period of consolidation following a impulsive leg to the downside
Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload
Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000
Trade closed: target reached:

Chart Idea is NOT loading completed trade

Target profit was reached on Friday with 1/3 position still open at break-even
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