Bitcoin Trading Idea

This trading idea is based on the trading strategy using Ichimoku indicator. The price bounces from the support zone formed by the uptrend line and 5500.00 support level. RSI confirms price reversal. ADX line falls and it shows that bears are not so strong. It's possible to buy based on a breakout signal. If the price moves above the cloud, it will be a confirmation of further upward movement. Estimated entry prices are between 5800.00 and 6000.00 levels. Stop orders should be placed below the local swing low. The main profit target will be at 6500.00 level. But don't forget that for this, the market will have to break 6200.00 resistance level and get support from the crowd for further upward movement.