Long is drawing out! **Bitcoin**

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

Bitcoin is drawing out a Long formation carefully !

* As we forecast before: $7,800 target is reached, selling pressure looks exhausted.
* It is better to close out all Shorts since the market may turn out instantly.
* The price action showed a bounce off the Key Support at $7,800 with a Doji candle formed at the bottom.
* RSI is signalling bullish divergence on H1.
* Be careful to avoid a bear trap. Long trade looks very attractive with a possibility to set a tight Stop-loss.

Active trade signal

Buy @ $7,800 - $7,900.
Target: $8,350.
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 21
Trade active: Long trade is active. 1st target is reached
We wait for big start up to 10.000
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