Bitcoin Long Set-up
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The 9.3k level was the first level of support and first place that bitcoin may bounce before the next leg up of this bull run.
It's impossible to say without a doubt if this will hold or not, as I was hoping for a bounce rather than a continual retest of the support, however with the short term bullish divergences present in confluence with this level being a fairly key one, I think that a long entry here with a stop below 9200 is a decent bet. There's is a fair chance that it will not hold, however, and the next level in which I'll be placing bids in that event are 8,860-9,000. If that level breaks down, especially on high volume, we will rethink our bullish bias for the time being.
Entry: 9280
Stop: 9240
First Target: 9600
It's impossible to say without a doubt if this will hold or not, as I was hoping for a bounce rather than a continual retest of the support, however with the short term bullish divergences present in confluence with this level being a fairly key one, I think that a long entry here with a stop below 9200 is a decent bet. There's is a fair chance that it will not hold, however, and the next level in which I'll be placing bids in that event are 8,860-9,000. If that level breaks down, especially on high volume, we will rethink our bullish bias for the time being.
Entry: 9280
Stop: 9240
First Target: 9600
Komen
Another thing to note: the hidden bullish divergence will only be valid if we bounce here. Which is why my stop is so tight. If bulls lack conviction in the next few hours, 8.9-9k is much more likely.Dagangan ditutup: hentian tercapai
And that's why I had a very tight stop. Will be looking to see how price reacts at 8.9-9k before making another decision. Celebrate your small losses. Part of winning as setting stops that when price hits, it continues. A bad stop is one that gets hit and then price reverses.
Komen
After taking a closer look at the daily chart, there's a pretty significant bullish divergence that will makes 8.9-9k a very attractive buying opportunity.
Penafian
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