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chris333
Feb 21, 2019 12:51 AM

Bitcoin Setup for Continuation Rally Long

Bitcoin / US DollarBittrex

Description

Bitcoin has had a nice rally recently along with the whole Crypto complex.

There may be still more left as the long term consolidation continues with a some encouraging higher prices.

Nonetheless, you'll want to see further strength in the price before committing too much in the near term.

Go long if the price trades through 4255 and place a stop loss at 3485 with a profit target at 6167.

Comment

Continue to stay long and trail stop losses to 4689 just below the 6 Day Rolling Pivot Range low. See chart
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