Bitcoin
Long

BTCUSD Breakout

64
Technical Reasons:
1. Breakout of main correction trend line.
2. There is a bullish divergence with the RSI.
3. Correction has bounced off the 0.618 fibs.


Risk Management
1. A close below 8124 would invalidate this bullish setup.
2. Target 1 would be 8663. Target 2 would be 9112.
3. Risk reward for target 1 would be 1.9.

*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).

May the Huat come to us.

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