Good long risk reward on weekly bitcoin chart!

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Hi All,

So my take on the current situation. Sentiment is not great and there was a big pull back. Nevertheless we have reached a big support level. I think it can be interesting to set up a long trade with a stop loss around 7200 (very improtant beceause this trade is a 50 / 50). The upward potential is the underlying idea behind this trade.

Cheers!


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Trading idea is performing very well! Will be interesting to see if it will bounce back lower from 9k...
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after a rough week, the trading idea is still going strong
Bitcoin (Cryptocurrency)Technical IndicatorsLONGTrend Analysis

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