BITCOIN / BTCUSD / Bearish tests coming. Still Finding Support.
Updated
This is a short term idea as BTCUSD looks for support long term. A 4H trend (Blue line) and structured support at $12,750 (horizontal yellow line) stand in the way of the current upward trend (red target box). If the bears push back the current movement upward; look for a deeper pull back to the long term daily trend. Volumes are getting higher and higher as we near a bottom support. Be ready for a deep spike or rapid drop in price for a brief moment. Setup some dream limit orders to catch some cheap coins.
Trade closed: target reached
Well done. Target reached! Look for the reversal signals for a long term swing.
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