Bitcoin Still Bull /w UPDATED TARGET!!

2019년 5월 29일

XBTUSD Long

2/9 We entered in our first long position at 3432.50 per our signal.
2/19 We entered in our second long position at 3670 per our signal.
2/20 We entered in our last position at 3770 per our signal.

We had no initial targets on where to close our BTC trade. We knew that the market was beginning to trend upwards as the daily had been moving steadily up for the first time in over a year. Over the last four months, we have seen BTC smash through each previous resistance zone with ease.

As we approach $10,000, the market will dictate whether we continue upwards or bounce off strict resistance. It's important to note that $10,000 is more than just a price level for some - it's a very important psychological level as well. If we happen to close above $10,000, Bitcoin will once again be everywhere in the media.

As with any trend trading strategy, we will not close our trade until we have confirmed that the upward trending market has ended. A realistic target of 9747 is what we are preparing to see. Where we go from there will be up to the market!

Happy trading!