DLavrov

Bitcoin Buy Signal

Long
DLavrov Updated   
BITSTAMP:BTCUSD   Bitcoin
The market dropped to the uptrend line. We can see price reversal confirmed by RSI. It's long opportunity and we should think about placing buy-stop pending orders. Entry level for long trades can be above 2400.00 with stop below the local swing low - it's 2100.00 level. Profit target should be at 2900.00 level or we can use trailing stop for exit.

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Comment:
New profit targets can be at 2550.00 and 2700.00 levels.

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