Buy Bitcoin!!!! set a buy stop at 2405.00$

The daily chart of Bitcoin gives a signal that probably the market is going to reverse and start upward movement. A bullish candle shows that the market bounces from 2200.00 support level . RSI confirms price reversal but MACD and DMI -0.53% still show downward movement. We have a price reversal signal and it's possible to think about opening long trades based on lower time frames. But still we don't have a solid confirming that the market starts upward movement.

That's why we must be careful with our long trades and don't use big volume for buying. We have to find possible entry levels and for this we can use the 4H chart. Based on this chart we can see that price moved upward after bouncing from 2200.00 support level . The market was stopped and reversed by MA20 and we got a local 0.37% swing high. Now we have the possible entry level based on this high and if price breaks it, we'll have a confirmation for possible upward movement. So we can place buy-stop pending orders at 2405.00 level with stop below 2170.00 level. Profit target should be at 2600.00 resistance level and a part of trading volume can be used for long term trading. Don't forget that MACD histogram and DMI -0.53% also will have to confirm the breakout and upward movement.

Bitcoin / Tether USD (POLONIEX:BTCUSDT) 2236.00000000 -91.26714325 -3.92%

source tradingview.com

Comments

Korea: Seoul wants to denuclearize the North by 2020

Claude Fouquet The 19/07 at 10:52Updated at 12:52 lesechos.fr A report to President Moon Jae-in deems it necessary to establish a roadmap before the end of the year. While Pyongyang has not yet responded to Seoul's proposal for an inter-military dialogue meeting this Friday , South Korean President Moon Jae-in is refining his strategy towards his enemy brother . If he had promised in early July in Berlin that his government would do everything possible to establish a lasting peace on the Korean Peninsula, it now seems to be aiming to reach an agreement on a complete dismantling of North Korea's nuclear program here To 2020. The outline of this strategy is now outlined in the report of the Advisory Committee on State Business Planning, which served as a de facto transition team after the inauguration of Moon Jae-in . Develop a roadmap If this report is broader and prioritizes Moon Jae-in's 200 proposals and campaign promises, it is undoubtedly the ...

Pre-opening Wall Street: under pressure, with 'stats' and geopolitics Jean-Noël Legalland , Published on 06/07/2017 at 15h00 http://www.boursier.com (Wall Street) is expected under pressure in pre-session on Thursday. The S & P500 is facing a 0.4% decline before the stock market, while the Nasdaq loses 0, down from 0.4% before the stock market, while on the geopolitical front, the North Korean record worries again somewhat. 9% ... According to Challenger's latest report on the subject, job destructions during the month of June in the United States concerned 31,105 jobs, a relatively low level compared to the historical data of the study. According to ADP's latest monthly report on the issue, the US created only 158,000 jobs in the private sector in June 2017, against a consensus of around 180,000 and a level of 230,000 in May. In June, small businesses generated 17,000 jobs, medium-sized businesses 91,000 and large 50,000. According to the US Department o...

Qatar. The vicissitudes of a micro-State of the Gulf: theoretical perspectives of the crisis By Victor VALENTINI , on July 2, 2017 www.diploweb.com atar is confronted with the reconstruction of a US-Saudi partnership harmful to its interests. V. Valentini puts into perspective the crisis that this micro-state of the Persian Gulf has been engaged since the mid-1990s in a diplomatic activism that seems to turn against him. The author evokes several scenarios and a rapprochement to follow between Qatar and Russia. IN A FEW MONTHS, the strategic environment of the emirate of Qatar has been considerably clouded, until the beginning of June 2017, a major diplomatic crisis that does not suffer from The young history of the micro-state. As a result of the growing tension with its regional partners in the Arabian Peninsula, grouped around the Gulf Cooperation Council (GCC), an obscure piracy by the Qatar News Agency ( Qatar News Agency ) Diplomatic relations with Saudi ...

realtraders

Search This Blog