XBTUSD - Long - Ichimoku Cloud - MA - 1DXBTUSD has been stalled in the last few days and we suddenly broke the cloud today, with a bullish Tenka/Kijun Cross that happened a few days ago and after Tenka was being used as support we believe we have turned bullish at least for a while. Our targets for taking profits would be MA150 (orange line) and MA200 (purple line). Overall this will be healthy for the cryptocurrency market and we are already seeing random "pumps" like DOGEBTC which is sitting at 93 satoshis. MA200 has been a resistance for a while, if we finally break out, maybe we can re-test it as support and reach 8500 or higher. We'll be developing our thoughts as time progresses.
Conservative play: wait for re-test of Tenka on regular ichimoku settings
Entries: 7176
Target 1: 7372
Target 2: 7769
Stop-loss: 6857
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