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Signal_Centre1
Feb 23, 2021 1:42 PM

BTC Buy a break setup. Long

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD - Intraday - We look to Buy a break of 50148 (stop at 48626)

Daily signals are bullish.
20 1day EMA is at 48200.
Dips continue to attract buyers.
Trading close to the psychological 50000 level.
A break of bespoke resistance at 50000, and the move higher is already underway.
The bias is still for higher levels and we look for any dips to be limited.

Our profit targets will be 54828 and 56188

Resistance: 50000 / 52000 / 55000
Support: 48200 / 47500 / 46200

Trade closed manually

Closed at b/e
Comments
TheTradersAvenue
Great technical setup, well done!
fxnewbie12
is the correction over
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