The Bitcoin Bounce

Bitcoin is clearly showing signs of an uptrend. Her highs and lows have steadily increased giving great opportunities for short term swings.

Currently, she has pulled back to 23,200. If she can stay above 22,400 and close bullish this could be another great time to buy.

You may question what timeframe I'm entering on. Or, how long will I hold the trade or what my stop loss will be.

Let me be quick and simple.
#1 I'm trend trading here. I'm going to trade with the flow of the uptrend hence why I am looking for a buy.
#2 I'm taking profits on the way up back to the highs and further.
#3 My stop loss will be located in an area where if price reverses I reverse with it.
Lastly, I'll enter on the daily timeframe because this is where I analyzed this setup.

I hope that was easy to follow. Speaking of following, be sure to follow me here on Tradingview.

Now go be great. Go on now!!!