We should be able to move up to 57 from here easily. However, if we don’t get above 57 and establish a range above it, we may take out the 53k support and bring 49k back in play. Above us we will draw to 64 if we can get that range above 57 to establish $BTC
$BTC has some legs here.
Target 1: $58,579
Target 2: $63,475
At $63,475, will take large profits and expect to buy back at $57,500, $51,145, and $47,816 if we get it
#Bitcoin - stops are 500 first target +500 second trade stop moves to flat at first trade making the +500 profit. First place to sell $44,398 then $48,012 and then $52,471
Model is not long or short right now!
$ETH targets moved: looking for sells at 1644, 1748 and 1916. Stops are at +30 until the first profit target hit then the second moves to flat to become a free trade with no downside. Buyer at 1465 and 1439 same rules apply. Model is neither long nor short at the moment.