Bitcoin looking bullish after a daily close above 9600.
Looking to take a continuation trade up to the next point of resistance at 9900.
The most logical entry would be a retest of the 38.2 fibonacci level.
That would give us an entry price right around 9550 and present a good risk/reward situation.
As the Bitmex Premium Index is starting to come down, and even flip negative, it might be a good time to hunt for Longs.
A natural place to look will be the 78.6% retracement from the most recent bottom.
It presents a well defined and manageable risk window to take a Long.
Higher timeframe charts of 12H and above are still generally bullish, so let the...