TA: XBTUSD 7-4-2018

A quick long setup for xbtusd 2.44% perpetual swaps on Bitmex. Currently in the third wave up, expecting one more bounce from the buy zone to the sell zone before a possible deeper retracement.

short term: bullish
medium term: bearish
long term: bullish

buy zone: 6616 – 6555
exit (depends on how deep we go into the buy zone): 6661 – 6723
stop: 6498

IF we get a new high instead of a deeper retracement I’m buying the retracement once again.

Posted in Technical Analysis and tagged , , , , .

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