Retesting the main support of Bitcoin
BTCUSD
. The chart at this moment finds its self in the bottom of a triangle and the opportunity of a low risk, high return is possible. Therefore a 1:3 risk/reward is a healthy trade that can payoff if Bitcoin starts to search new highs. Support level at this moment is considered the 6430.0 price and the first Target Profit is 7880.0 price. If the support breaks, the Stop Loss area is very near and can reduce the risk at minimum levels.
BTCUSD
. The chart at this moment finds its self in the bottom of a triangle and the opportunity of a low risk, high return is possible. Therefore a 1:3 risk/reward is a healthy trade that can payoff if Bitcoin starts to search new highs. Support level at this moment is considered the 6430.0 price and the first Target Profit is 7880.0 price. If the support breaks, the Stop Loss area is very near and can reduce the risk at minimum levels.
Comment:
Stop loss reached .