We are looking for bullish entry (long) at the next pullback (IF)
A pullback to 10950-11205 should be a buy opportunity as horizontal supports and key moving avereges on bigger time frames are traveling at that levels .
Target1 :11420
Target2 :11700-11800
Target3:12000+
Invalidation and SL should be placed @ 10789 or lower@ 10450
We are not enetering "limit buy orders" yet ,we are waiting the pullback and depending on the magnitude of the "scam" wick to the down side (IF), we are entering the trade . The bigger the wick to the downside on 15 min chart the more bullish price is and price SHOULD meat at least our target2 .
Of course this could completley roll over and take out 10400. If so ,we will reasess from there .
As for now we will trade this chart with bullish bias .
Bitcoin LONG.
Chart :Bitmex
A pullback to 10950-11205 should be a buy opportunity as horizontal supports and key moving avereges on bigger time frames are traveling at that levels .
Target1 :11420
Target2 :11700-11800
Target3:12000+
Invalidation and SL should be placed @ 10789 or lower@ 10450
We are not enetering "limit buy orders" yet ,we are waiting the pullback and depending on the magnitude of the "scam" wick to the down side (IF), we are entering the trade . The bigger the wick to the downside on 15 min chart the more bullish price is and price SHOULD meat at least our target2 .
Of course this could completley roll over and take out 10400. If so ,we will reasess from there .
As for now we will trade this chart with bullish bias .
Bitcoin LONG.
Chart :Bitmex
Trade active:
Bitcoin is trading currently at 11090 ,it is typing some small bullish divergence on smaller time frame .we took a risky long with the SL mentioned above.
Trade closed: target reached:
Trade closed at target1 with a nice 3% profit.