Trade Recommendation: Bitcoin
If we look at the 1H chart, we can see a flag pattern near 6200.00 resistance level. The flag is a continuation chart pattern and we should expect for a breakout above the resistance with further upward movement.
MACD gives a bearish signal, but DMI confirms strong upward movement. Pending orders for buy should be placed at 6250.00 level with stop orders at 6050.00 level. The main profit target is 6500.00 level. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
Profit Targets: 6500.00