I am more biased towards shorting by nature. However I cannot ignore this rare 2D strong buy signal. Of course everyone wants to long at Resistance but not me. I've been hesitant of longing because of various Bearish Divs on OBV and RSI. The recent price action has convinced me to switch biases to going long. Ideally Bitcoin price stays above ~$28,161 which would be the open of the candle. If it loses this the strong buy signal will disappear.
You could set your stop loss to be slightly below the daily open on higher leverage or you could set a low leverage stop loss around $26,500 ish. On the previous FUD of CZ getting listed on interpol (which was false) the price was front run at $27,200. It is very likely that will hold as a recent low as a result. First target would be $32,000 with a possible back test of $29,000 to go long again.
The Indicator used here is a custom Indicator I plan on releasing at a later date. Any feedback is welcome. Follow me on TradingView if you'd like updates.
You could set your stop loss to be slightly below the daily open on higher leverage or you could set a low leverage stop loss around $26,500 ish. On the previous FUD of CZ getting listed on interpol (which was false) the price was front run at $27,200. It is very likely that will hold as a recent low as a result. First target would be $32,000 with a possible back test of $29,000 to go long again.
The Indicator used here is a custom Indicator I plan on releasing at a later date. Any feedback is welcome. Follow me on TradingView if you'd like updates.
@ me on Twitter