Trade Recommendation: Bitcoin

The markets are not stable now and they are more unpredictable. We should be careful with all long positions. But also we have to follow any trading opportunities. Bitcoin gives us a new one which is based on bullish divergence. The price could not pass the support zone and we can see a price reversal confirmed by RSI. MACD supports possible upward movement and DMI allows opening long trades. Entry level can be at 14350.00 with stop orders at 12350.00 level. Profit targets are 17000.00 and 20000.00 resistance levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Buy: 14350.00Sto
p: 12350.00

Profit Targets: 17000.00 and 20000.00

The trading signal is based on Poloniex chart.
Disclaimer: The analyst are some invested in Bitcoin.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.