ForexUSD

Bitcoin update: 2 strong UpTrend support lines - 9300 and 8600

Long
BITFINEX:BTCUSD   Bitcoin
Sorry I update my last published idea because there is second strong UpTrend support line that gives a target of 8600.
8600 is not an horizontal level support, and no Pro traders talk about this level, but I can tell you that this support is very very strong.

I think we have more change to touch 8600 in the next 5 days, but my strategy is to split 80% of my wallet, 40% buy at level 9900 and 40% for a possible 8600.
The current trend is still bullish for me according to my trend lines and I am pretty confident.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.