BTCUSD starts looking more a solid buy then last few days. We have been seeing near $ 41,000 and are moving upwards a bit. the stochastic shows promise of a further climb. This climb could be about $ 2,000 upwards.
Strategy BUY current $ 41,500-42,000 for a move to $ 44,500-45,000. Stop-loss below $ 41,000.
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stop-out at $ 40.950. will re-access and find new buy level.
nice trade, a little risky though. I think the bottom will be slightly above 38K for a great long position. We broke and are retesting that midpoint your downward trending channel you drew there. On previous iterations on your trending channel there are 3 previous reversals to the downside after a retest of the midpoint on your channel. Also worth noting, if you pull up the hash ribbons indicator - it's free on indicators, you will note that every time it has printed a blue buy signal we never went below that price except once during the corona dump over 18 iterations. The current signal printed at BTC 37K. I do believe we can retest and are heading to the pricee areabefore a long is truly in the midst. Just my two cents though. Good trading to you sir.
peterbokma
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@boostthenorth, great and will look at that indicator. I always appreciate new things and to improve myself. have a great weekend as well. tc.
dianaelena27
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If Btc going down Eth is follow... Btw. 😂😂😂😂
peterbokma
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@dianaelena27, well yes that is true, and we go up BTC ETH will follow... in fact ETH should not improve same way on upside considering the ETHBTC will move towards 0.0675. tc