BTC BULLISH?

in #bitcoin5 years ago (edited)

So after a heavy bullish move earlier this month BTC seems to be finding support .

We're consolidating nicely above the Daily 0.5 Fib level with support from the 4H 12,26,55 EMA's
as well as the usual higher highs, higher lows and general upward trend

Technical Indicators - Neutral to Bullish
Sentiment - Bullish

** Favored Strategy **

Long - BTC/USDT

Entry around 5150 - 5200

Take Profits - 5300 (Safe +3%) , 5400 (Reasonable +6%) , 5599 (Still Holding? +8.7%)

Stop-loss around 4800 - 5000

** Alternative Strategy **

Short Stop - BTC/USDT

Entry - 4960

Take Profits - 4820 (Safe +2.8%) , 4760 (Hows forest Life? +4.1%)

Stop-loss around 5150 - 5200

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Any thoughts or questions are always appreciated, please leave them in the comments below.

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