Bitstamp: BTCUSD Entry. Trend Change Direction #TFsignal

#Entry #Signal (Up-trend) based on:
#TFSignal
A) Frame 1H (couple of #NR has failed)
1. Breakout of the trendline at $6,650
2. Volume > 50d Avg.
3. RSI > 60
4. Positive MAs vs Close
5. Positive RSI MAs
6. Positive Reversal (Target Achieved)

Position size: 40%
Entry Price: $6550
Stop Loss (Technical Based): ~ $6,300

B) Frame 4H and above
Not yet confirmed.
To confirm change of trend, we need at least:
1. Breakout of resistance zone ~$7,000 (+/- 200)
2. RSI > 60
3. Volume > 50d-avg

** #Bitcoin #Future daily chart is showing signs of trend changing direction accordingly**
We’ll to update within the next 24H

Comment:

#TFSignal confirmation signal has not been generated ,, not yet. However, #12H frame of #btc #xrp $btcusd $xrpusd is being more negative and less likely for uptrend to continue as Negative Reversal pressures for further lower PLUS reversal candlestick (Inverted Hammer) has appeared in 6H and 12H frames with noticable #volume

Stop Loss is tightened at $6,300.