Hello friends.
According to following reasons i personally go LONG for BTC/USD :
1 - Reach the Higher Timeframe Valid trendline.
2- shape an Bullish Engulfing pattern on this line.
3-Reach the 27000 support level.
4-Bullish divergence Between Price and RSI.
5-Long distance from 50 , 100 and 200 EMA
So for these reasons i think we can go up till drawn trendline and
price 28200.
Trade R/R is 1:2 and after that we should look after price for next analysis.
Thanks for your supports.
According to following reasons i personally go LONG for BTC/USD :
1 - Reach the Higher Timeframe Valid trendline.
2- shape an Bullish Engulfing pattern on this line.
3-Reach the 27000 support level.
4-Bullish divergence Between Price and RSI.
5-Long distance from 50 , 100 and 200 EMA
So for these reasons i think we can go up till drawn trendline and
price 28200.
Trade R/R is 1:2 and after that we should look after price for next analysis.
Thanks for your supports.
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