CRYPTOASKA
Long

BTC bounce from daily EMA ribbon?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

After a small break from trading I am back again and going to provide my idea to you.

As we see on this 1 D chart on Stamp, there was a bounce from the EMA ribbon and at the same time from the 0,382 fib level today. It might be to early to judge this bounce, but it might take us back to the 11,800 -11,900 $ areas. There BTC has to break the 12,000 $ areas to climb higher. As everybody is waiting for the 10,800 areas now, it might have been frontrunned already.

Stochastic is still in the bullish territory and if we close green today (11,500- 11,800 $ areas) it will turn back to upside providing the momentum to the upside.


Let's see...


Happy and safe trading!
Always place stop-loss and don't forget to take profits!




*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.

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