On our market watch, today is Bitcoin. The instrument is testing the 8100 level of a 200 SMA (blue line). This level needs to hold for an upside bounce and continuation higher. Look for the buying opportunities here or a selling trade if the instrument breaks below this level.
Note: enter the buy trade on the bounce from the 8100 level with the stop loss just below this level, or enter the sell trade on a clear daily close below this level with the stop loss just above this level.
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!
