Decodingthemarket

#BTC Moving Target from 3.89 Risk/Reward Ratio to 5.09 RRR

Long
BITSTAMP:BTCUSD   Bitcoin
With a possible target at 47911.30 increasing your Risk Reward Ration up to 9.01
Only if price can manage to find strong support above the ascending top channel line (White) will be a high chance to reach Dotted Green Line at 47911
NOTE: You Must pay attention to the RSI since is in over sold area at 74.38 with a possibility to reach 80 area and afterwards expecting a retracement to continuing the uptrend
Next candle must close strong above the ascending channel trend line (White) NOT The current candle!
If You followed my previous TA CONGRATULATIONS!!! you have a successful trade unfortunately this idea did not reach many people to benefit from
hope this can reach more people

NFA
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