Bitcoin Finding Support on PSR?

Bitcoin / Dollar BITFINEX:BTCUSD

Here is a little trade that may turn out good if the marked levels of previous support and resistance (PSRs) hold out the retracement. Entry is marked by green line, Stop by red line. This Stop can be moved to the low below the trend line once they have tested and failed the back side of the trend line . Target Fib 127.2. Fib 100 is a good place to take profits or insert a tight stop if we can get that far. Hope this little helps.

By admin