nshevche
Long

BTC/USD - long opportunity with a short target

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi, friends.
BTCUSD is in the wide consolidation (balance1) with a range 6000-9500.
On intraday charts we have an up trend. And it's a good opportunity to take some profit.
For good trade we need a strong support level and I think level 8470 will be stand.
But If false break out happens and the price will return back into the balance2 you need to close position immediately.

Trade recommendation
Entry point - 8475
Stop - 8140
Target 1 - 9275
Target 2 - 9499
8500 become support. What will be next? Thank you
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Looks like a bull trap is coming .... what do you think about rippple
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nshevche AbdennourTaleb
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