bigfry
Long

Bitcoin just broke out of the 8200 resistance, buy next pullback

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In an earlier post, I mentioned that 7900 offered a good buy opportunity with a stop loss near 7800 and a profit exit near 8200. That 3:1 risk to reward ratio trade has worked out nicely.

I currently think if Bitcoin             pullbacks to the 8200 level, this would be another good pullback buying opportunity since Bitcoin             is still trending up on the 1 hour timeframe. You can see that because the 20 period moving average is still above the 50 period moving average.

Trade Idea: Long Bitcoin             8200 with a stop near 8000, and a profit exit near 8600. This offers a risk:reward ratio of about 2:1 which is quite good.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out