TradersVenue

BTC Stage2 Uptrend !!

Long
TradersVenue Updated   
BITSTAMP:BTCUSD   Bitcoin
🟢BTCUSD has support @ 24756. About to start stage2 uptrend.
🟢It has given buy signal at 26229 on VSA Momentum indicator.
🟢Till 24750 is protected on DCB it can see 32104/35629/37622
Comment:
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Comment:

Here is the weekly chart. Which looks bullish.
Comment:

BO and then retest from polarity zone. Now trading above 20/50/200 DEMA. Trading above all major moving averages. Oscillator's shows signs of recovery and mild bullishness. Can fly high when risky asset classes under pressure due to rising crude oil prices and USD. After regaining 200 DEMA it can pick up pace from here.
Comment:
As per charts its a moment where catch the bus or miss it. Pure momentum buy trade. Momentum vanish, exit the trade. Cant have better momentum trading scrip than this highly volatile crypto coin.
Comment:
BTCUSD up by 2000 points. As per stage analysis its in stage 2 uptrend and gaining momentum. Targets intact as per TA.
Comment:

After a reversal from polarity zone after pullback, new signs of renewed momentum. Weekly RSI crossing above 55 after a pullback. It can turnout to be a turn around story for Bitcoin.
Comment:
BTCUSD is up by 3000 points 10% approx. High probability of heading towards fresh highs. Need to take one step a go. Now SL should be entry price.

Comment:
Just up by 9000 points from 26229. Made high of 35198 just 700 points away from first weekly TF target. Momentum and trend suggests its likely to fly higher with intermediate corrections. Most likely it has completed its correction phase.


As per the technical analysis it has entered stage 2 uptrend. Trend continuation is likely to continue. Wont be surprised if it hits last TA target of 63010. #BTCUSD
Comment:
Already made a high of 38016. First cut targets achieved. But it has potential to go even higher. As per TA time to hold on to the longs. Not a RECO.
Comment:
Made high of 44000 with nearly 80% returns. The journey is not end yet. It can move up to 63000 as per estimates. Wiser thing would be trailing SL as per desired risk appetite.

Comment:
26582 To 56502. Almost double. Story doesnt end here. It can fly even from here. #TrailSL #RideTillEnd

Comment:
Made high of 73000 and its still counting. A mild correction after a strong upmove is expected and good. But the rally is not over. #TrailSL #RideTillEnd


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