TradingView
Kassem_Trades
Jan 20, 2018 4:49 PM

Confirmation of new bull market for Bitcoin. Long

Bitcoin / U.S. dollarBitstamp

Description

This is a long term trade.

Text book confirmation of a trend reversal on the 1 day chart. When a Doji Star (Price opens and closes at same price) is followed by a big white -or in this case green- candle it signals the start of a new bull run and that the bear market is over.... for now.

First target: 14K - Take 25% of profit
Second target: 17 - Take 25% of profit
Third target: 20k - Take 25% of profit
Fourth target: The moon?? Keep remaining position

Happy trading.
Comments
pcammack
My hunch is that this is a reaction to news of US government shutdown and anticipation that USD forex and equities markets will drop on Monday. I think it’s too early to say if it’s the beginning of a long term trend.
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