Signal_Centre1

BTC Buy a break setup.

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD - Intraday - We look to Buy a break of 41511 (stop at 40288)

The primary trend remains bullish.
Following yesterday's bullish candle, the overall trend higher looks set to reverse today.
A break of 41500 is needed to confirm follow through bullish momentum.
We are trading at oversold extremes.
A higher correction is expected.

Our profit targets will be 44848 and 45848

Resistance: 41500 / 42500 / 45000
Support: 40000 / 38300 / 36300
Trade active
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.