Buy BTC around 6290$. Stop Loss : 6070$
Our price targets are 7100$ and 7600$.
At around 7600$ bitcoin will retest the long term resistance line.
If bitcoin reaches 7100$ update stop loss somewhere above your buy price.
If bitcoin breaks through the long term resistance we need to see bitcoin go to at least 8500$.
If bitcoin is able to reach 8500$ without retesting the long term support line we could enter a bull market.
The time frame for this analysis is late August and early September.
Where do you think Bitcoin is headed ? Share your thoughts. Leave a chart in the comments.
Please leave a like and follow. I would appreciate it.
Our price targets are 7100$ and 7600$.
At around 7600$ bitcoin will retest the long term resistance line.
If bitcoin reaches 7100$ update stop loss somewhere above your buy price.
If bitcoin breaks through the long term resistance we need to see bitcoin go to at least 8500$.
If bitcoin is able to reach 8500$ without retesting the long term support line we could enter a bull market.
The time frame for this analysis is late August and early September.
Where do you think Bitcoin is headed ? Share your thoughts. Leave a chart in the comments.
Please leave a like and follow. I would appreciate it.
Trade active
Comment:
Price has moved slower than what I had anticipated. Looking to sell around 7480$.
Trade closed: stop reached:
Stopped at 6600$. Profit 5%.
Updated stop loss : 6600$