All my indicators - RSI (sold), MACD (convening), and increasing volume - indicate there is a high possibility of huge upswing in bitcoin price. However, the price has tested the 7100 euros (7800 US Dollars) support multiple times, and hence, it maybe a very weak support now, but if today, 8th October, closes above 7600 euros it will be the first time that price has two consecutive days of high bullish momentum (significant price movement, not like the spinning tops in the last movements) should give us more faith in moving upwards.
PS: Its not a financial advice
PS: Its not a financial advice
Comment:
I won't enter this trade as yet because of the red candle at close yesterday. This red candle led to a drop the past week, hence, no-trade zone for me today. Best is to wait now for a new bullish reversal candle.
Comment:
This trade eventually closed with profit after the 40% candle for the people who were brave enough to take this. Like mentioned there was on resistance above that, and when it went above that, it really went :-)
Trade closed: target reached