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BTCUSD woke up after a long hibernation and went up sharply

  • Jul 26 2021
  • by
  • Analyst AZA
BTCUSD woke up after a long hibernation and went up sharply

BTCUSD woke up after a long hibernation and went up sharply

Bitcoin after a long and slow fall in price has risen sharply. Such a jump in prices affected the rates of other cryptocurrencies, which, following Bitcoin, also rose in price. Taking into account the nature of the price growth and the accelerating trend, it can be assumed that the upward price movement may still continue. The price crossed the 200 average upwards on all timeframes up to and including 4 hours. The MACD indicator is high above zero levels. All these characteristics point to continued price growth. We recommend opening a long position immediately after the breakout of the level near the nearest fractal at 39750 and placing a Take Profit order in the area of ​​the nearest resistance at 41000.

Symbol: BTCUSD
Order Type: Pending Order - Buy Stop
Entry Price at 39750.00
Take Profit at 41000.00
Pips Earning: 125000

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The profit can be $1250.00 if the trading volume of 1 Contract.

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