BTCUSD at a nice zone for a move up

Bitcoin is sitting nicely at a great zone a nice move up on Daily.

Trend resistance (red horizontal lines above price) is very near to break through.
Daily Ichimoku looks very good too to help BTC longs.
As long as Target 1 is crossed, the daily momentum will be strong to propel BTC towards Target 2
BTC respecting that trend line is also a pretty good sign

If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.

Happy trading.

Note

Target 2: 4800 - 5100. Not visible on idea chart

Trade closed manually

Long trade closed, when daily candle closed below the trendline. Ichimoku based idea will hold if price bouncess off the cloud support.

Trade active

New trend line. Ichimoku trading still active as cloud support has been strong.

Note

The new trendline seem to hold pretty well. Ichimoku trade still active as daily price broke out of the cloud and is looking strong. Using my newly published script which plots levels automatically based on certain conditions, the resistance levels seem to be 4350 -- 4800 seen from the red lines plotted.

Trade closed: target reached

Note

Both targets hits beautifully in 1 daily candle

TradeChartist

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TradeChartist

Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.

Telegram - @Trade_Chartist

Free Scripts - bit.ly/Free-Scripts

Also on: