BTCUSD Daily Target Reached - Daily Update 07 AUG 2018

BTCUSD H1 - longs just fructified

As mentioned earlier today, long positions were expected to take profit in the 7140 vecinity.

BEFORE

AFTER

The adventurous ones, BEWARE!
While it may still be some energy left due to FOMO that's usually the norm in crypto markets, consider waiting for a recharge if you're so inclined.

A breakout on the upside seems more likely than a reversal.
Look for the drill up to 7240.
The area right above is bound to be a turbulent one due to what happened a couple of days back (sudden drop to the left).

Careful not to get suckered into shorts up here after this impulsive move.
Wait for the breakdown of the lows around 6820 if that's your game.

Trade Well!

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