Bitcoin New Buy Signal

Yesterday price passed throught the kumo and we could see an unsuccessful attempt to break the strong downtrend line. The market bounced from this resistance line and dropped lower to 2200.00 support level. Now we can see that the market was able to return above the kumo one more time. Probably there will be a new attempt to pass through the downtrend line which is the strong barrier for the further upward movement. Ichimoku indicator gave us a new buy signal and DMI allows open long trades above 2345.00 level. But if we buy from this level, it will be a buying near the strong resistance line. It's not a smart decision. It's better to use pending buy-stop orders and place them above 2420.00 which is higher than the previous local swing high. If the market breaks the downtrend line and the local swing high, it will be a good confirmation for the upward movement. Stop orders for long trades must be placed below 2200.00 support level. Profit targets can be 2600.00, 2900.00 resistance levels. Also you can leave a part of volume for long term trading. Good luck with your trades!