Bitcoin day trade long ideaAfter showing such a spectacular run up from 10k support, the run up is looking exhausted, however, the liquidity pool at 11130 seems to be attracting price at the moment.
I like the R/R for this long setup, as it gives a clear invalidation level at 10700 as we witnessed a clear stop run before the push up.
However, I am wanting to keep my risk lower and use a tight stop, placing it just under the body of the bullish orderblock marked in green.
Target: 11130$
Entry: 10790-10810$
Stop loss- 10752.5$
Bitcoinlongs
Bitcoin - Short term price action predictedPlease make sure to have a look at my longer term view of Bitcoin prices to come in the future.
For here and now we have a simple opportunity to continue to follow the recent price action and further wave of positive price movement predicted to establish.
For now my opinion is to open a long position with a profit target to close of $5850 (just below the psychologically important $6000 price level.
Stop loss can be extremely close as if the move crumbles we want to get out quickly with minimal damage.
High certainty trade signal from me. But please remember this is not direct investment advice, always be sure to contact a financial professional/seek professional help before entering into any market risk/trade opportunity.
As always best of luck and subscribe to stay on top of what will be fairly regular multi-asset signals and charts from me.
Much love - MysticCrypto