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BTC/USD Forex Signal: Bullish Breakout Above $106,851

From dailyforex.com

I wrote in my previous BTC/USD forecast on 9th June that I thought that the bulls had a minor edge, so the best trade setup would be a long trade entry from a bullish bounce off $104,165. This was a good call although the price never traded as low as that support level, but it soared higher. I was wrong, however, in not wanting to enter a long trade in Bitcoin until a new all-time high was made, but that is my tried and tested long-term trading method which has a proven track record of profitability. The technical picture is a little different now, but the technical outlook still seems to be bullish, with the price ... (full story)

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  • Category: Technical Analysis