Long
Another test of the highs coming (XBTZ17 - 1H)
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
Buy area $5800-5850
Stop $5750
Target $6500
Note
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.Note
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:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.