Safe Trade for Bitcoin
As the chart shows, we have a pretty good trade setup. The reason this is a good trade is because we could see a good bounce in this region. On the downside, we are safe if we put a stop at 6400 --- this is below the major trendline bitcoin has been holding. So, there is a potential of a good upside but the downside is small and we know that if we get stopped out it is because bitcoin is going lower.
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