TareqEsawy
Long

Bitcoin start a reverse journey

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We can see nice bullish bat completed and a reversal could be underway, we can enter a long position from here to target 8300 and 9300 onwards with a stop loss below $5900
Comment: A positive divergence could be another reason to support our bullish outlook.

Comment: $500 Profit till now..Nice !!

Comment: BTC still supported by channel trendlines

Comment: we will book half of profits here at $8130 (+19.5% from entry)
Trade closed: target reached: Final Target reached at $9300, +37% ROI. Enjoy the profits :)

Comments

The weekly bearish trend overrides the lower bullish signals, thats the problem at the moment. We need to close above the 21 EMA on the daily chart to start seeing some exhaustion in the selling.
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TareqEsawy BGMind_Control
@BGMind_Control, but we are at trendline support too

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