Recently we wrote on LinkedIn about the possible rally to come in Bitcoin after we spotted the price action on the monthly timeframe.
We then took a position in line with our bias as we look for the cryptocurrency to reach 10k-12k.
Now that our first position is at breakeven we can look for further long positions as we expect the price to re-test the recent breakout highs. If the price does retrace further we will look for long positions if the price presents bullish price action and the RSI goes into an oversold condition.
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