Bitcoin Trade setup (6.21% gain, 6,42 RR)
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Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame
Reasons for trade:
1. Just broke daily supply resistance with volume expansion
2. Daily 89 SMA sitting at 11 500 ( extra support level )
3. previous resistance should now be support zone
Trade confidence: 7.5/10
RR: 6,42 with 6,21% gain
Warnings: if traditional markets decide to turn down Bitcoin will follow
Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame
Reasons for trade:
1. Just broke daily supply resistance with volume expansion
2. Daily 89 SMA sitting at 11 500 ( extra support level )
3. previous resistance should now be support zone
Trade confidence: 7.5/10
RR: 6,42 with 6,21% gain
Warnings: if traditional markets decide to turn down Bitcoin will follow
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