Forexblade

Bitcoin daily, hourly buy

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin decline to the bottom bolinger on daily.
At weekly it sitting in green support band.
On hourly it declines to the bottom bolinger again and price reacting by engulfing,engulfing,engulfing.
On daily today day opening with gapping up
First resistance to upmove is in red band on daily between 42000 and 45000.
For short term buy trade this will be first tp area. Then looking for reaction on this red band on daily if it will hold then decline back to the bottom bolinger again. If it cannot hold then price will reach upper bolinger on daily around 60000.
This is update on previous ideas attached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.