An amazing opportunity to go long in bitcoin around current levels keeping a stoploss below $ 39500 on closing basis with first target of $ 60000 and second target of $80000.
Reason to Initiate Trade
1) After a 50% correction BTC made a Higher High on a daily chart.
2) After making a fresh higher high price has retraces 50% on Fibonacci
3) current Level price is on an important support level
4) There is also an important support of 200 EMA
5) An MACD crossover below 0 line on cards.
Reason to Initiate Trade
1) After a 50% correction BTC made a Higher High on a daily chart.
2) After making a fresh higher high price has retraces 50% on Fibonacci
3) current Level price is on an important support level
4) There is also an important support of 200 EMA
5) An MACD crossover below 0 line on cards.