BTCUSD strong long trade setup (short term)

2017年9月18日

So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long.



So I went long here at 3936.27

Stoploss: 3200.00 (2 % risk of capital)
Take Profit: around the 5000.00 price, depending on the future movement of the price.

As of right now, I think there will be a short term spike up to the 5000 level.