The price of Bitcoin has broken out of the range, creating an uptrend. We have now created a bullish flag which was followed by bullish momentum.
As further support of this theory, the price of bitcoin have retested the breakout area at around $17250, creating an opportunity to buy.
TP - 1 - 17572.88
TP - 2 - 17974.72
Stop trade at - 16882.19
As further support of this theory, the price of bitcoin have retested the breakout area at around $17250, creating an opportunity to buy.
TP - 1 - 17572.88
TP - 2 - 17974.72
Stop trade at - 16882.19
Comment:
The price of bitcoin failed to continue the breakout, failing to pick up demand, further declining to our potential point of reversal.