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marketmusician
Nov 27, 2020 12:03 PM

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

COINBASE:BTCUSD240
Bitcoin / United States DollarCoinbase

Description

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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. :)
Trend AnalysisTechnical IndicatorsBTCUSDBTCxbtbtcusdlong
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