A quick analysis of the current Bitcoin structure. We can see we have had a strong bullish movement over the past few days. We will look for a candle close above the 46K resistance level to look for long positions to 48, 50, and possibly to 60K. As always we will close 50% at our first target, adding a stop loss break-even and closing the remaining positions on the way up. Stop loss will be under support levels.
Enjoy the market open!
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Close 50% of positions here at 47.8K in almost 200 pip profit & add a stop loss beak to push towards the rest of the targets.
The Bitcoin Day Trade analysis has ran to almost 100 pips. Close some profits and make sure to utilize stop loss and let the runners push towards the targets.