BTCUSD - Bouncing from Up Flag's Bottom (MID-YEAR $25.000/BTC)
Hi, Rafael here, from CryptoGrowing!
This is an update for a previous idea that successfully reached our targets for a profit of approximately 110% since the Demand Zone Bounce.
Bitcoin has climbed and achieved our Targets at $11700 and as it climbed, it formed a new interesting pattern. We are now out of a Down Trend.
We've seen a fakeout on February's end, trying to pump right to the $13000 resistance but we didn't had enough momentum for it.
Bitcoin has then dropped and made a correction back to the Up Trend Trading Range (Light-Blue Lines) and we are currently at the Bottom of the
Range. Besides that, the RSI is well spotted below the 30 points and heading up for a climb.
We may start to build our Long Positions, this is the best spot to buy as Bitcoin is now ready to push through the $12200 and $13000 Resistances.
Buy from $10450 to $10690 range and start to set sell orders from $12000 up to $13000.
Also, set a thin Stop-Loss at $10350, because if that support fail, we may drop to the lower $9600 zone again.
Best Regards and Happy Trading,
Rafa.
CryptoGrowing - Brazilian Market Maker for Daily Signals
Telegram: t.me/CryptoGrowingClub
Site: www.cryptogrowing.club/
Contact: rafael@cryptogrowing.club
This is an update for a previous idea that successfully reached our targets for a profit of approximately 110% since the Demand Zone Bounce.
Bitcoin has climbed and achieved our Targets at $11700 and as it climbed, it formed a new interesting pattern. We are now out of a Down Trend.
We've seen a fakeout on February's end, trying to pump right to the $13000 resistance but we didn't had enough momentum for it.
Bitcoin has then dropped and made a correction back to the Up Trend Trading Range (Light-Blue Lines) and we are currently at the Bottom of the
Range. Besides that, the RSI is well spotted below the 30 points and heading up for a climb.
We may start to build our Long Positions, this is the best spot to buy as Bitcoin is now ready to push through the $12200 and $13000 Resistances.
Buy from $10450 to $10690 range and start to set sell orders from $12000 up to $13000.
Also, set a thin Stop-Loss at $10350, because if that support fail, we may drop to the lower $9600 zone again.
Best Regards and Happy Trading,
Rafa.
CryptoGrowing - Brazilian Market Maker for Daily Signals
Telegram: t.me/CryptoGrowingClub
Site: www.cryptogrowing.club/
Contact: rafael@cryptogrowing.club
