CoinAndCrypto
Long

BTCUSDT Standard Pullback

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTCUSDT is catching its breath and we expect it to oscillate between 4800 - 5100 over the next few days. The trend is still bullish - we’ve had a breakout and are making higher highs and higher lows. Our first target remains 5600 with a secondary target of 6400. Be sure to take partial profits by 5600 as we expect a bounce from this level. Try to take a macro perspective when looking at the BTC charts. The 1 hour and 15 minute chart have a lot of noise but the 12 hour and daily charts offer a better picture. We are currently undergoing a pullback of just under 50% which is pretty typical for BTC rallies.

If you are not in the market you can buy this pullback with a portion of your capital. Set your stoploss to 4600.

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Comment: Move stoploss to entry.
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