Trading-Guru

BTC/USD in Parallel Ascending Channel, Great Moment To Enter!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone, for this trade on BTC /USD we will look at this parallel ascending channel .

BTC /USD has been moving beautifully along this channel with a very bullish momentum. The bears have been left behind at around $8,800.

The momentum has been very consistent and upwards, creating much FOMO beyond doubt.

Make sure that if any pair is uptrending, you don't enter on a high. This recent retracement of the last few hours towards the bottom support line of this channel give us a great entry opportunity for a very bullish pair.

For the exit on this trade, consider the resistance zone around the strong psychological level of $10,000. Make sure you leave the trade before this area, as it can trigger a very volatile response.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


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