Hello guys,
I think there is a possible long entry point on BTCUSD here, in case price goes steadily over the resistence area we can find at $8500.
In case you decide to trade, stop loss must be put under $8150 and the first target is to $8850 area but I might assume the most reliable target is
at $9400.
There are two things doesn't confirm long view: the indicators I set in the chart does not give any evidence of buy signals at the moment and the volume are quite low.
Despite these two warnings, I think is possible to open small size long trade and eventually increase them when chart gives us more evidence.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
I think there is a possible long entry point on BTCUSD here, in case price goes steadily over the resistence area we can find at $8500.
In case you decide to trade, stop loss must be put under $8150 and the first target is to $8850 area but I might assume the most reliable target is
at $9400.
There are two things doesn't confirm long view: the indicators I set in the chart does not give any evidence of buy signals at the moment and the volume are quite low.
Despite these two warnings, I think is possible to open small size long trade and eventually increase them when chart gives us more evidence.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Trade closed: stop reached:
Stop loss triggered during the night.
We have to wait for a better market mood to try bullish trade
We have to wait for a better market mood to try bullish trade