Yesterday BTC made a lower shadow candle testing the key 6000 area . Today we want a candle to confirm this reversal.
So far the market is clearly undecided. We have made two unsuccessfuly attempts to push into the 6300 zone but have not been able to defend those levels on any significant time frame.
If an hourly candle closes above 6380 we will enter with 15% of our capital. If BTC falls again it will likely go through the 6000 level and we will target prices near 5850-5900.
BTC has consistantly followed the channels edge for the past 3 days. It has recently show sustained upwards momentum over the last severals hours.
Stochastics on the daily chart are primed for a reversal. Aggressive traders can enter with a small percentage of capital between: 6340 - 6380
Our targets will be:
Stoploss: Hourly candle close below 6200.