Bitcoin Momentum divergence!, Expect a Sudden Jump
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Exchange : BITFINX Time Frame : 4hr
Analysis : 1. Momentum is Increasing with decrease in price, Expect a Sudden Jump! 2. Strong Support Levels around USD 11950
Take Profit! 1. Buy Around : 11950, accumulate till 11500 ----a. Buying Strategy -------a1. invest 30% capital around 11950 -------a2. invest next 30% capital around 11600 -------a3. invest 40% capital around 11500
2. Stop Loss : 10300
3. Profit Expectations ------ Book 30% Partial Profit around $14000 ------ Book next 40% capital around $15000 ------ Carry Rest 30% capital above $15500