The price broke the downtrend line and now it's going to pass through SMA100. MACD lines and DMI support further upward movement. The market gives us a new swing high which can be used for placing pending orders for buy and joining to the main uptrend. If the price breaks this high, we'll get an additional confirmation of the upward movement. Entry level is 15500.00 with stop orders at 12500.00 level. The main profit target is 20000.00 level and the rest of trade volume should be left for long run with the profit target at 25000.00 level.
I believe we have not broken from main downtrend yet. I agree that a strong breakout past 16k will be a bullish sign, but I don't think it will happen yet. I will wait for confirmation, but more likely I will wait to buy at 10.5 - 11k level. Thanks as always @DLavrov !
sameerboss31
⋅
how should we trade alt coins during this uptrend ...every coins seems to lose its value by atleast 20%
Kriptokrew
⋅
@sameerboss31, not all, some coins go up along with btc uptrend. coins to avoid when btc is rocketing are: XVG , LTC, BTG etc..
Nice call. Today is Bitcoin's 9th birthday since it was first mined. It would be nice to celebrate it with a breakout through the 16k resistance towards new ATHs.
andreolf
⋅
you are telling to buy at this price 15500.00 or is fine already now DL ?
DLavrov
⋅
@andreolf, in all my trading signals there are only pending orders with exact entry levels.