praveensam001
Long

Bitcoin (BTC) Update 06-Jun-19

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi all!!

Good day! In my previous post, I posted a possible Short opportunity in bitcoin .
Any professional trader should have two scenarios to watch: both Bullish and Bearish .

So, here's is my alternative scenario which is bullish . And I'm sticking to the same target where I mentioned in my previous posts.

Find the Sell Target, Sell Zone and the Stop Loss in the chart.

For more updates, follow me here.
~RPS~
Trade active: Bitcoin is recovering in a bullish way.
Trade active: Upper trending channel is broken; Yet still above Stop Loss level; Breaking this Stop Loss level will confirm the downtrend. Refer my preferred pattern in my post titled "Bitcoin (BTC) Update 04-Jun-19"
Trade active: Watch how beautifully the Stop Loss Line is saving the bullish trend. And, the price went back into the uptrend channel, which is bullish. As long as, the price trades within the channel, the trend remains bullish. We shouldn't forget the weekly chart looks extremely bearish. So, have stop loss at right places.
Trade active: We have weekly resistance 8000 that should be broken to survive this upward momentum.
Trade active: We are in the Sell Zone.
Trade closed: target reached: Sell Target Reached and broke bullish further. Bullish players, do watch my sell target becoming support to go even higher, possibly 13.5k..
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