Significant buying pressure over the last 8 hours suggests that 
BTC is preparing to break to the upside.
Stoploss placed under previous significant low.
BTC is preparing to break to the upside.Stoploss placed under previous significant low.
Trade active
Entered long @ 3399.9 on BitmexPlenty of technical reasons to be bearish now, but I trade these signals every time they appear because they have a high success rate.
Note
Up here near 3500 is a great TP 1. Closed some here, might be able to buy back lowerTrade closed manually
Trade closed for a pretty nice profit.Didn't catch the top, closed a little early at 3642
Bitcoin could easily consolidate for a bit and move up again from here, but that's for another trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.