bitcoin
Long

Daily Bullish View - "The last hope"

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looking at Daily you can see the last attempt to return to mean was rejected but crucially no new low was made. So there is still a chance market could return to mean to test it from the downside and that's the 9.2K bull target last hope. But a new low could be in progress so this a matter of risk reward, you can set a ratio high enough that you will loose near to nothing and still have a chance to revert operation in case of failure. Always use a stop loss, with a preference for a trailing one. Failure to go long here would be devastating without a stop.

On the inner 1H TF crossing the MA50 will be decisive and mandatory for a bull run:

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