Signal_Centre1

BTC Buy a break setup.

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin - Intraday - We look to Buy a break of 58606 (stop at 57777)

Previous support, now becomes resistance at 58500.
A break of bespoke resistance at 58500, and the move higher is already underway.
We are trading at oversold extremes.
A higher correction is expected.
The bias is to break to the upside.

Our profit targets will be 60987 and 61987

Resistance: 58500 / 59500 / 61000
Support: 57000 / 56000 / 55000
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.