This trade is simple with good R/R
Long around 8500$ or less if you can get it.
Stop loss around last bottom or 7500$
Target to 12k at least
Target based on the Bullish divergence in the RSI and the bearish trendline since the top.
Please beware: bitcoin could resume dumps this is just a trade targeting the bearish trendline residing at 12k, above this trendline and we are bullish.
Long around 8500$ or less if you can get it.
Stop loss around last bottom or 7500$
Target to 12k at least
Target based on the Bullish divergence in the RSI and the bearish trendline since the top.
Please beware: bitcoin could resume dumps this is just a trade targeting the bearish trendline residing at 12k, above this trendline and we are bullish.
Trade closed: stop reached:
Looks like we could bottomed out at the next bounce area...
Comment:
Bottom got extended to the other buy area, but it was rejected..so buying this prices is good.
Trade active:
We could be about to break 9k and continue to 12k as explained above.
Trade closed: target reached:
If you followed this trade and bought below 7k It's good to take profit at these levels
