jy2tradez

BTC will spring off support

Long
BITSTAMP:BTCUSD   Bitcoin
With the bearish daily candle closure, i'm expecting one last re-test of the daily 50 EMA before we explode higher. Also found at this support zone are both the trendline and counter trendline making this set up look too good to be true. Major rejection of the 50EMA has occurred the last few times it was tested. Lets hope for 5100 in the next week or two.

Enter long at 3780
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.