approaches $5800 again after a quick correction. During the correction BTC
bounced off $5100 mark at the bottom of the cloud; if you check the 1 day time frame you can see a dragonfly doji
which also indicates a clean bounce. MACD
suggests upward movement, but ADX
at the moment is still falling. Watch for action around the $5800 mark. If we get a candle close above that mark with good volume
and the ADX
indicator switching up, I think it would be a good opportunity to open a long. Resistance is strong here so wait for the signal. If a long order is opened, a stop loss would be a good safety measure at $5500 and profits should be considered at $500 marks, i.e. $6500 and $7000.