TradeIndicators
Long

BTC - Signs Point Towards Another Bull Run!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC             has found support at the $6648 level. We are also seeing that the RSI has formed a higher low which indicates upward movement. We are keeping a close eye on our Above Water Breakouts + Auto Trailing Stop Loss because the last time we saw a price breakout above the water we saw a 301% bull run. Taking a look at the MACD we can see that our blue line is just above the orange indicating upward movement in the making. If BTC             can find enough momentum we are forecasting to see a run up to the .618 Fib which would put us at a price of $9328. With that said, we are watching closely to see when we will breakout above the water which indicates very strong bull momentum.

Premium Indicators Used in this Idea:
Above Water Breakouts + Auto Trailing Stop Loss - Blue Overlay

Enjoy life, enjoy trading!
Travis

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Comment: 1 Hour confirmation breakout above water...buy time?
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