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CryptoAddict77

Another test of the highs coming (XBTZ17 - 1H)

Long
CryptoAddict77 Updated   
BITMEX:XBTZ17   None
Trend Analysis Chart Patterns Technical Indicators XBTZ17
9
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trendanalysis chartpattern indicator xbtz17
MACD on 1 H is ready to cross up. We have support from the EMA and the horizontal line from previous levels of support.

Buy area $5800-5850
Stop $5750
Target $6500

Comment:
Forgot to mention that the future premium was only $20. The reason why this was reduced from almost $500 earlier in the month is probably the upcoming forks. However for a short term trade I think we can benefit from an increase in price and premium.
Comment:
After taking a look at the bigger timeframes 4H, 1D, 1W charts I have changed my mind and no longer agree with my own target. Since the trade is still in profit consider closing it and taking the current profit.
I have added a new daily chart. You can find it here:
XBTUSD daily bearish play
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