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bdossantos

Potential BTC Move from 50EMA to 200EMA

Long
Bitcoin (BITMEX:XBTUSD.P)  
bdossantos Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
2:1 RRR Opportunity if BTC holds the 50 day EMA (~8280).

Target: ~8700.

Please trade at your own risk. I have been net short since ~10k and will not be closing my position until the chart shows a clear bullish trend.

Good luck and happy trading!
Trade closed: target reached
Comment:
As long as Daily 200EMA holds (~8720), BTC should aim for another leg up. Consolidation here would be healthy.
snapshot
Trade closed: target reached
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