BTC: Anything Above $8,800 Is Fantastic Buy for Bitcoin!
Bitcoin is now showing a golden cross on the MACD Histogram along with a break of structure in the RSI. As this is a very brief technical overview, this is the first step of showing strength in the trend. Although we are technically bearish in the mid term since we have broken main structure, a break back into the main trend line would mean we would have to change completely full send bullish, which can be fantastic for our long position at the moment.
We are trading within a very bullish falling parallel channel; furthermore, a fall down to $8,900 would be a fantastic buy for Bitcoin as we would be within our channel.
With that being said, we are keeping our long positions since we are up 10% from the bottom, and significantly higher for our leveraged position. Our short term bullish stance has been treating us wonderfully and the market that expected the 9.7K cme gap to fill immediately was not on our priority. Emotional trading is very dangerous.
Trade Safe.
X Force
We are trading within a very bullish falling parallel channel; furthermore, a fall down to $8,900 would be a fantastic buy for Bitcoin as we would be within our channel.
With that being said, we are keeping our long positions since we are up 10% from the bottom, and significantly higher for our leveraged position. Our short term bullish stance has been treating us wonderfully and the market that expected the 9.7K cme gap to fill immediately was not on our priority. Emotional trading is very dangerous.
Trade Safe.
X Force
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📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
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