Bitcoin long opportunity

Bitcoin price fell from 11,217 to 9,616 However, price bounced strongly from days low to 10,281
The support line that broke at 10,000 is once again building up allowing opening long trades.

This, however may not be the end of correction, so use tight stop loss and watch price action carefully.

Trade ist aktiv:

10,049

Kommentar:

Price fell below our buy price. I'm using a tight stop loss as it may very well be a bull trap.

Stop loss active at 9,949

Trade geschlossen: Stop wurde erreicht

Kommentar:

Even though this trade is closed due to tight stop loss trigger, we can see that the price is clearly moving the upward direction.

Just a word of caution, it's not a good time to go short :)