BTCUSD
Is having it's first touch of its 125 moving average as support since breaking back above it with a vengeance. It has been holding thus far, and a breakout of technical indicators is now presenting as well. RSI downtrend resistance is breaking through now, and Stochastic RSI has crossed over while price action appears to be turning back north within the current consolidation pattern. Reward outweighs risk by a little over 4:1 if you only shoot for a target of current overhead resistance trend line, but in my opinion it may move much higher. To get this ratio, stop loss would need to be set at 8996 area, just below what was resistance, now should be support. If that breaks, BTC would likely see 7k area next. I am an owner, but I am going to go ahead and throw another 500 bucks on the fire right here right now and see what we can do. Worst case scenario it loses this support and heads south, well then that's actually best case scenario in my mind--Then I get to buy more cheaper...I sink some cash in BTC every single week. Purchase size depends on where price sits. #Fintechisthefuture. Happy hunting and GLTA!!
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