XBTUSD Are we making higher highs?!

17 Ağu 2020

#XBTUSD #Bitmex #Daily #Tommy
- It’s been a quite while since I have TA’d XBT. Here is XBTUSED daily candle.
- After successfully breaking above the red box around 10600, XBT has been making higher highs and lows.
- Finally, it broke the 12163 and 12340 above, which were the recent previous highs that are considered to be a very significant area by many traders.
- Now, we need to make sure if today’s candle can close above those prices.
- I am keeping my eye on the short-term major support area around 11960~12160 which recent retest area of the orange down trendline and previous high (pink) overlap.
- Furthermore, the blue upward trendline is passing by so I think it is reasonable to bet on this area for long position.

Long
EP: 12160
SL: 11800
TP1: 12640 (RR: 1.33)
TP2: 13040 (RR: 2.44)