First target is reached! Next is $9,000! **Bitcoin LONG**

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi, Traders ! Monfex is on the air !

Bitcoin is in continuation of the bullish UpTrend to $9,000!

* As we forecast before: $7,800 target was reached and the price bounced up immediately.
* We have entered Longs near $7,900 and our nearest target zone of $8,300 - $8,400 has been already reached.
* There are increased selling Volume around $8,100 - $8,200 on the way UP, so the price might slightly correct to this level on H1 timeframe.
* RSI is getting closer to the overbought territory on H4, but there is still enough room for a rise.
* Overall, the bullish momentum is firm and active. We keep adding Longs from $8,100 - $8,200.

Active trade signal

Buy @ $8,100 - $8,200
Target: $9,000.
Stop-loss: $7,777.

Watch for our Updates to get real-time superior signals!


This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Oct 23
Trade closed: stop reached
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