Bitcoin Holding SUPPORT

Bitcoin looks strong. Holding that downtrend line support from August 17th highs

This only adds to my Bullish thesis from my previous post regarding the daily chart

Entry: 4330, present price, above downtrend line
Target: 5000, round number, and 161.8 Fib retracement from August Highs to August Lows
Stop: Below downtrend line and into Ichimoku Cloud at 4150
Great Reward to Risk: more than 3:1

----------

!! PM me with any questions about my analysis !!

<b>MY TRADING METHOD:</b>
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.