STEEM/BTC: Trying to break out of resistance [STOP LOSS TRIGGERED]

in trading •  6 years ago  (edited)

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We can see a clearly bullish divergence as price falls and RSI rises after having been in an oversold zone (4H chart). The moving average also crossed below the price which shows bullish signs. If it breaks through resistance, it can moon - but it also depends on Bitcoin price movements!
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Buy Zone: 7900-8200 Satoshi

Stop Loss: 7500 Satoshi (~7%)

Sell Targets: 8800 | 9450 | 10420 | 11200

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As you can see, it also always bounces off this green support line (1D chart):

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Disclaimer: Cryptocurrency is a risk investment and our posts aren't any financial advice. Our aim is to maximize the BTC value of our portfolio and share our ideas. Always #DYOR (do your own research)!
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6 years ago by

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      ·  6 years ago 

    Update: Unfortunely our Stop Loss got triggered because of this huge BTC-pump!

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