BITCOIN ready for a new leg higher and break out of contraction

New Buy Entry Alert BTCUSD

Time Frame : Daily

Bitcoin BTCUSD

Bitcoin has been edging down into support and looks primed for a run higher and drag in the buyers along the way. We are happy to buy on a push up through 10400 with a Stop Loss at 9850. If price falls below 9850 prior to entry, we will cancel the alert and re-assess the action. The entry is more aggressive as we have not seen a break higher but it is anticipation of a higher low forming and resultant pressure on the sellers.

Stock Code : Bitcoin BTCUSD

Current Price : 10077

New Buy Entry (Trigger Level) : 10400

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 9850

Status : On watch for Buy Entry Trigger