BTCUUSD - SHORT TERM QUICK LONG!

BTC price is creating an ascending triangle inside an ascending channel supported at the golden ratio of 0.618. That in combination with the CME gap at upped 9K ranges creates a case for a LONG position as shown in the diagram. Keeping a tight stop-loss under previous support, makes this a low risk higher reward play. We are currently entertaining this position.

Happy Trading :)

Commento:

First Take Profit target hit, moved stop-loss for the rest of the position in profit ($8880) :)

Trade chiuso: obiettivo raggiunto:

Target Reached 9.29K and total position closed.