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Long

BTC Breakout Confirming. Target 9400.

POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTC             is getting ready for yet another bull run!

On the 4 hour chart you will see BTC             starting to close around the 8300 mark. If we can close above 8300 on the 4 hour, then we should see a fairly easy rise to $9,400 with little resistance, namely $9,000 psychological barrier being the only real pause between.

However once we get to $9,400, you should see a strong bounce off that price and back lower to retest $9,000 support, which would be another great short trade back to $9,300. From there is anyone's guess, but we'll most likely see some consolidation and then back up for the grand battle of $10,000.
Comment: If 8,300 doesn't confirm, it could be a long way down. I would suggest a stop loss you are comfortable with.
Comment: To clarify, I would not recommend entering the trade until $8,300 close is confirmed on the 4 hour chart. If you choose to enter the trade BEFORE 8,300, I would suggest a stop loss of $7,950
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