ellewell

BTC Short Term Trade

Long
ellewell Updated   
BITMEX:XBT   Bitcoin
The levels below are good spots for entry. The lower the better. Any of those could be where price rallies from.

Targets are next levels above around 6500. Could have strength to push further beyond but likely it will pause around 6500.

My long term targets for this leg up are 6900-7100s
Trade active:
Starting to retrace into the buy levels. Lower it goes more likely itll reverse off.

One of these should start a move to 6400-6460.

There itll either pop to gain 6500s or itll reject. If it rejects I see retrace to 6260ish.
But I think there is a much better chance itll gain 6500 than reject at this point in trend.
Trade closed: target reached:
Boom. Played out pretty perfect.
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