DK_Investment

Bitcoin - within triangle and near breakout - how to trade

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DK_Investment Diupdate   
BITFINEX:BTCUSD   Bitcoin
market reached yesterday again the middle term area and we entered with a long position. We expect one more test of the drawn buy area before the market start up movement to at least teak profit 1.

- 50 day moving average (yellow line) crossed the 100 day moving average in down direction which is short term bearish indicator
- RSI baseline crossed the down trend resistance line and need to confirm the breakout before more up movement

all other important informations are drawn in the chart, don't forget to like and share if you like the idea.

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Komentar:

market looks like fake movement and incoming down move as drawn in this chart
Trade aktif:
long trade active after breakout
Trade aktif:
TP1 reached - market will reach TP2 within next 12 hours
Trading ditutup: target tercapai:
trailing stop reached after breakdown from 8200 $ area
new market analysis coming soon

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.

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