Bitcoin Going Up?
According to my analysis, XBTUSD is going to touch resistance by the end of today or tomorrow.
- Bears not motivated to push price down
- Trending up MA 10, 21, 50, 100 & 200
- Accumulation is ongoing
Therefore, Resistance to touch next is 10450.
Trade Setup
Entry = 10200 - 10250
Take Profit 1 = 10350 (Close half of your position)
Take Profit 2 = 10425 (Fully close position or bring stop loss unto 10350)
Let me know if you liked this
- Bears not motivated to push price down
- Trending up MA 10, 21, 50, 100 & 200
- Accumulation is ongoing
Therefore, Resistance to touch next is 10450.
Trade Setup
Entry = 10200 - 10250
Take Profit 1 = 10350 (Close half of your position)
Take Profit 2 = 10425 (Fully close position or bring stop loss unto 10350)
Let me know if you liked this
Trade closed: stop reached
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.