cryptoscores

BTC- A case for a Long Position

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BITMEX:XBTUSD.P   Bitcoin
We have a few bullish signs that make a compelling case to long on BTC.
1. RSI on 4hr and daily is in strong trajectory upwards after a bounce at the over sold limit.
2. EMA lines 21 and 50 (my personal preferences) are close to having a bullish cross ( a rejection of the cross would invalidate this theory)
3. BTC appears to be forming a massive double bottom, which we can confirm with the high buy Volume on both the previous and the forming current Bottom.

Our Short term targets are 7100-7200, stop losses around 6235.

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Cryptoscores.org is not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only

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