Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels we have to take profit.
Yesterday the price successfully retested earlier broken countertrend line 1. It means that the Bitcoin price now is in local uptrend. The large volume entered the market at this retest. In my interpretation it means that the price has the potential for the significant bounce to the upside.
I suppose that the maximum target for this pump is the countertrend line 2. In case of it’s breakout the Bitcoin will enter into the global uptrend. Here we can also see the Fibonacci golden pocket and the approximate location of central pivot range for April. Thus, 44k is the price where I am going to take profit. Now you can also change your stop loss to zero loss level.