DealerBTC

R.ACEACEACE #Bitcoin #BTCUSD #XBTUSD $44.5-$49,900 BULLSSS

Long
BITSTAMP:BTCUSD   Bitcoin
I believe the price action has become bullish. I had called for a retest of $37k in my previous idea and that had already happened and the price has not yet in my opinion provided a significant rejection

I believe that if the price moves above the daily high of $38239, it will likely continue to a new yearly high.

I was previously bearish but the bulls did a good job of defending the price from further downside and put in an impressive daily candle with a retest of $37k.

I already am in a long trade but I always accept complete loss before taking any entry.

Support: $29150
Resistance: $38249, $44500, $49,900

Please do your own analysis, responsibly manage your risk, and stay safe.

Thanks for hitting the like button!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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