Renforex
Panjang

BTC bounce

COINBASE:BTCUSD   Bitcoin / Dolar
A bounce from here signals a buy.

Notice the fast and slow MA meeting directly on the gap as price touches tests a trend line .

If we break under, then of course this trade is a no go.


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(There will be a free christmas gift for all also. Nothing big. But it's the thought that counts ;D )
Komen: Looks like a fake breakout to take out the casual retail traders stops and to take advantage of panic selling.

Once both gaps are closed, we will know if we will continue to climb back up.

Moving stops on your trade to BE may be a good idea if you got in as price moved back above the green line.

Happy trading
Komen: ^ Forgot the chart.
Komen: ^ That's the previous chart.. Too much Christmas spirit in the way of gin tonight. :D
snapshot
Komen:
snapshot


A buy signal.
Komen: See related ideas for most recent updates.
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