Bitcoin - Morning doji star signals further upside potential

BTCUSD
BTCUSD

Bitcoin - Intraday - We look to Buy at 10200 (stop at 9800)

A Morning Star formation has been posted at the low. Bias is mildly bullish today but we need to see a break of 10800 to confirm the upward pressure. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher.

Our profit targets will be 11000 and 11500

Resistance: 10800 / 11000 / 11500
Support: 9600 / 9200 / 8750

Comment:

Buy limit triggered.