UnknownUnicorn2091450

#BTC - Bitcoin Trade - Coinbase

Panjang
COINBASE:BTCUSD   Bitcoin
We have a small bullish candle forming today that has engulfed the previous days candle. We find ourselves moving above to 20 day moving average which is another bullish sign. BB& also has a sharp tick up and the history has shown higher lows on this indicator showing there has been some decent sustained upward movement over the past week or so. I entered at $6551, aiming for top band which sits around $6788. Average true range is around $205 so the overall volatility is still low and been declining but if I get the average move I could see the top band hit within two days if the buying pressure continues. I'm still bullish at the moment as long as the daily price remains above the 20 day average. I have a stop set around $6305 if there is a breakdown.
Penafian

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