Wil25

BTC Potential Long

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COINBASE:BTCUSD   Bitcoin

For the past 2-3 weeks BTC had been rising from the 7000 price region to the high 9000 price region. It even broke the downtrend channel and it is expected to test the 200MA line. This is definitely something to look out for especially when it breaks the 200MA line. It will be a potential long to the 11780 price region before facing resistance. I would look to enter BTC once it breaks the 200MA line and retest it again. But if prominent bearish candle were to be encountered the trade would not be valid.
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