CDT/BTC bouncing off 200 MA... Bullish trend?
On 4h and 1h timeframe CDT/BTC doesnt show much promise... but when you look at the 1D timeframe..... something interesting is happening. CDT is breaking out of the 200MA line which may be a sign of a Bullish trend....
So out goes my Fib extension tool to determine where price will hit in this uptrend....
Entry at 0.00000070
Target 1: 0.00000077 btc
Target 2: 0.00000085 btc
Stop loss: 0.00000064 btc. (what do you think of my stop loss at this point? Should be lower or higher or maybe on the 200MA line? Let me hear ur suggestions
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So out goes my Fib extension tool to determine where price will hit in this uptrend....
Entry at 0.00000070
Target 1: 0.00000077 btc
Target 2: 0.00000085 btc
Stop loss: 0.00000064 btc. (what do you think of my stop loss at this point? Should be lower or higher or maybe on the 200MA line? Let me hear ur suggestions
If you like my trading idea... press the like button
Follow me for more awesome trading ideas
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