Do you want to know what's new in BTCUSD market?
Let's look at the 1H timeframe because it will allow us to understand better the further market movement within the next few days.
The price broke the local downtrend line. It confirmed a trend reversal if we use TA simple tools. The market gave us a good bullish signal.
We got a price reversal from 7100.00 support zone. Before it, the market tried to break this support, but sellers failed. It is another bullish signal.
All these signals allow us to say that the market can move upward. At least the market has such a plan.
Maybe, it is the right time to think about short term trading? We have bullish signals which can be used for opening long positions with stop orders below 7100.00 and the swing low. The main profit target should be at the main downtrend line.
Let's look at the 1H timeframe because it will allow us to understand better the further market movement within the next few days.
The price broke the local downtrend line. It confirmed a trend reversal if we use TA simple tools. The market gave us a good bullish signal.
We got a price reversal from 7100.00 support zone. Before it, the market tried to break this support, but sellers failed. It is another bullish signal.
All these signals allow us to say that the market can move upward. At least the market has such a plan.
Maybe, it is the right time to think about short term trading? We have bullish signals which can be used for opening long positions with stop orders below 7100.00 and the swing low. The main profit target should be at the main downtrend line.
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💎 Share My BEST Trades here 👉 bit.ly/wubits