Hello friends! We pretty much nailed it in our last trading idea for BTCUSD (linked below). As expected, the price touched our previous support, our key zone as well as our trendline at $8250 and bounced from here. After our confirmation level at $8380 got hit, we are long. The price is now back above the MA 50 (red line) and we might see another bounce. Our target is located at our previous support from $8650 to $8750. Congrats on those who followed the past two trades!
I will update you in this idea. I'm also available on Traderlist if you want to follow and trade my portfolio of Crypto, Forex and Stocks. Feel free to join our monetae Trading Telegram channel as well. The links are in my signature.
cheers, cryptobuller
___ Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
@substance90, the price is sitting above the EMA 20 and might see a Hammer forming if we close above $8480. I rarely use the MACD but this is not bearish to me
ARESABI
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@substance90, i was also talking about the call from $8600 to $8250 by the way. Too late to say it wasn't a good call :-) already played out