BTCUSD to 3890 Before Correction
Updated
BTCUSD is bullish on the 4H MACD. With volume, it can reach 3890 before a correction to the 3500 support level. If the bulls do not file in, we might see an earlier drop from the 3730 level back to 3500. With the total coin market cap at an all time high of 130 billion, it is impossible to tell how far coin prices can overextend.
Trade active
Trade active @ 3890. Got the MACD cross on the 1H timeframe. On the 2H timeframe we had a large bear volume followed by a weaker bull volume, giving me another signal. Profit targets set @ 3654 (1.618) and @ 3506 (1). Stop loss set @ 4004.
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