There is an ascending triangle on the 240 min chart. Bitcoin is in a nice up trend. If we see a break above 468.00, I'm looking to get long. There is some resistance right at 500. So if you miss the breakout to the up side I could see price retracing back to 470's to get long. I would take profits at 600.00 around that weekly resistance area . On the downside if price breaks below/closes below 450.00, I'm looking to get short. I would take profits at 355.00 and trail my stop since we are in a nice uptrend. Good luck trading out there.
Trade closed: target reached:
Price reached are targeted price at 355.00