chris333

A Clear Buy Signal on Bitcoin

Long
BITFINEX:BTCUSD   Bitcoin
A convincing Hammer candle through the Monthly Pivot Range is a clear buy signal.For the crypto complex the bearish moves down show exhaustion and the markets are ready to move higher again. Go long at the current price zone of 11500 - 11600. Enter a stop loss below the low of the candlestick from yesterday's session at 9720. Shoot for a profit target at 12390 and a second profit target at 13630.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.