BTC/USD Wait for pull back to support!

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Bitcoin has had an exemplary year so far, gaining ~50% on a steady uptrend. While there have been a few good opportunities to enter long on the pull backs within the channel, we are now in a somewhat over-bought and extended region and opening a trade at this price would be risky. Given that we have moved above the major moving averages and that we have broken above the previous support (and expected resistance) of ~9500, I would now be a confident buyer on a pullback to test that zone for support.

Look for a pull back to test trend line and or 9500 support.

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ملاحظة

Playing out pretty accurately so far. If this trend line holds then entering the market long will be the game plan.