A second bounce on the 70.7 and a higher low made on the trendline. You can either buy now or wait and see if price comes back a little closer to trend. We have almost a month of consolidation in this range and the recent spikes show larger buy orders coming in clearing out sellers in the next range above.
Indicators are looking good right now. On the 4h chart:
-Double bottom on the MFI
-RSI breakout of range
-MACD cross
-Stoch and Stoch RSI crossed and moving up sharply
-EMAs close with short crossed over medium, and long incoming for a cross.
-ADX is strong and +ive DMI slanting upwards
Entry: market
Stop: 0.00000939
TP1: 0.00001182 BTC (3.86R)
TP2: 0.00001297 BTC (6.16R)
TP3: 0.00001473 BTC (9.68R)
Indicators are looking good right now. On the 4h chart:
-Double bottom on the MFI
-RSI breakout of range
-MACD cross
-Stoch and Stoch RSI crossed and moving up sharply
-EMAs close with short crossed over medium, and long incoming for a cross.
-ADX is strong and +ive DMI slanting upwards
Entry: market
Stop: 0.00000939
TP1: 0.00001182 BTC (3.86R)
TP2: 0.00001297 BTC (6.16R)
TP3: 0.00001473 BTC (9.68R)
Comment:
Knocked back to trendline by BTC's move up, still holding
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