EYFMarkets

BTCUSD Idea

Long
BITSTAMP:BTCUSD   Bitcoin
G'day, Guys. Another New Week for us.

Today we start our week with BTCUSD (BITCOIN) price movement prediction.

From my analysis, BTCUSD breaks the previous 50k resistance level which indicates we looking for a 52k price tag before price making some correction might be until the previous RBS (Resistance Become Support) level.

We clearly see the trajectory changed from an unhealthy uptrend into a progressive uptrend movement. Personally, I am positive this BTCUSD gonna continue uptrend until at least a 60k price tag. Here are some profit targets I am interested to be hit before reaching the 62k price tag:-

Take profit 1: 52,850.33
Take profit 2: 57,057.30
Take profit 3: 61,818.66

Taking advantage of every price correction will generate huge profit, that is the reason we dance with the market swing high, swing low.

Let's see what happen next.

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