Bitcoin New Entry Level

The price bounces from the reversal zone formed by SMA50 and 13000.00 level. RSI confirms price reversal. MACD histogram supports upward movement. We can epxect for continuation of the main uptrend. Entry level is 14200.00 with stop orders at 12650.00 level. Profit targets should be 17000.00 and 18000.00 levels. The part of trade volume can be left for long run. If the price drops below SMA50, the next reversal zone will be formed by SMA100 and the uptrend line.

Comment:

Don't forget about risk management! The market can fall to any level, your trade volume should be based on this fact.