Bitcoin after opening treading nicely in upwards direction today. It is nothing new though for bitcoin to trade in positive territory, keeping bears at bay. Yesterday, it created a shooting star candle, shooting star candle is created when script after opening at higher level create a low and then close near it opening level. It signify a reversal of trend but as bitcoin is traded above a level(see chart below) of yesterday close, so this view also get negated.
Now Bitcoin is trading at $2585 level and has minor resistance of day before yesterday high. But I don't think this resistance can hold longer and eventually we can see level of $2800 which is also a top point of rising channel.
Any dip in this script to be treated as buying opportunity. And those holding it for longer term can protect their respective position with a stop loss of $2409.
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