Bitcoin Short Term Trade

The price broke the downtrend line and it gives a signal that the market can move upward. MACD supports the continuation of the main uptrend. DMI shows that the bears are not so strong and it allows us opening long trades. Entry level can be above the high of the signal candle and it's 16500.00 level. Stop orders must be placed at 15350.00 level. Profit targets are 17200.00 and 18000.00 levels. As the market is overbought, the buying based on this trading idea looks more risky that it should be. That's why you should invest small part of your deposit and consider this signal as for short term trading only.