Bitcoin made a new local-high this morning and the past 6 hours of consolidation have given time for some indicators to reset to a neutral to 'bullish' stance.
Indicators
RSI: Possible bullish divergence, agreeing with the intra-day price increase.
OBV: Neutral
Money Flow: Neutral
Trade
Good R:R potential here for a long, best entry will be from the bottom trend line at ~7390 and sells between 8075 and 8280. If possible I will follow the price with stop's until a high target of ~8730.
Targets
Entry: 7390
Low exit: 8075
Mid exit: 8280
High exit: 8730
Notes
There are short set-ups, however, I like the R:R on the long option.
Indicators
RSI: Possible bullish divergence, agreeing with the intra-day price increase.
OBV: Neutral
Money Flow: Neutral
Trade
Good R:R potential here for a long, best entry will be from the bottom trend line at ~7390 and sells between 8075 and 8280. If possible I will follow the price with stop's until a high target of ~8730.
Targets
Entry: 7390
Low exit: 8075
Mid exit: 8280
High exit: 8730
Notes
There are short set-ups, however, I like the R:R on the long option.
Trade active
Decent pick-up in volume, entered 20% of my position here @ 7556Trade active
Full allocation now in play.Note
Sl now in profitTrade closed manually
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.
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.