Fxprotrader
Panjang

Bitcoin: Very Nice Level to Watch for Longs

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Price is being trading above a key support zone highlighted by the horizontal levels into the chart. It is now pulling back making a correction and I 've already started looking for the sweet spot going long aiming for higher levels. The upsloping modified pitchfork is working extremely well but we should focus at the lower quartile of the fork. Just take a look how it has acted as support at previous test of the price. Since any retest will occur above the key support zone , the quartile is the sweet level where should get involved in longs. Stoploss should be placed below 16800,00 and take profit target should be considered the 21000,00

All the best,
John
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