Are you scared with the current Bitcoin price action? Me – yes! There are a lot of fear now in the market, and the long signal which come in this time is the most valuable!
Today we can see the bounce off the last uptrend support point – 0.618 fib ($37800). Moreover the price closed below this level on the 4h timeframe and turned back again with the huge volume. This is the classic fake breakdown – very bullish sign. The MACD bullish divergence enhanced this signal. But every signal can be completed only with the probability. I bought at $38800 and set the stop loss at $37140. Risk – 1% of deposit.