Buy In: $3615 - $3630
Time Frame: 4H
Stop Loss: Close 4H candle below $3567.
Profit Potential: 48.27% ROE
Capital Allocation: <5%.
(Low risk, high reward).
Here is our Bitcoin (XBT) trade as promised.
I will be posting a Bitcoin ( BTCUSD ) update soon.
Your support is truly appreciated.
Make sure to hit LIKE to support your author and make sure you receive many more profitable and secure trades.
Here is the chart:
So we are looking at MA200 as resistance and EMA10 as support. Short term, pretty easy... So still sideways:
This trade idea will be used for this XBT LONG trade.
Thanks for the support.
Enjoy the profits.
Raise stop loss above buy in.
Show me your support (like, comment & follow)...
(1) $3655 -Reached
(2) $3705 -Reached
(3) $3760 -Reached
Our main support on the way down is sitting at $3680. This is a strong support marked by a Fib. level, EMA10 and EMA300:
Looking at the 4 hours chart, EMA100 is the next strong support at $3700. Bitcoin (XBT) is now safely trading above EMA10 and EMA50 on this time frame. This is a very good signal, we can expect to hit our last target and more.
For now... ENJOY THE PROFITS!