EYFMarkets

BTCUSD Idea

Long
BITSTAMP:BTCUSD   Bitcoin
G'day, Guys. Another week of trading.

This week we start with BTCUSD (BITCOIN) price predictions.

Based on current market conditions, BTCUSD currently solid uptrend was rejected the first attempt breakout resistance level at a 52k price tag and correcting the market structure at a 44k price tag.

Personally, I am expecting prices to continue bullish with exponential growth for the next target 59k price tag. Taking advantage of every swing low will generate more profit.

For the downside, we wait for a solid breakout at a 44k price tag before looking for short positions.

Managing risk with a proper trading plan additional key for success. Let's dance with the markets guys.

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