BTC Retrace to 200MA @ $15700 then back up to $17k

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Based on Moving Average trend analysis and backtesting, price is more likely to retreat lower towards the 200MA at $15700 (4 hour chart).

Long Entry @ $15700
SL @ -5%
TP @ $17000 (8.2% Profit Target)

Happy Trading. :)


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