The green candle for BTC changes the balance of power - just now the asset has transitioned into a stable uptrend on the 3-hour timeframe. The trigger for us in terms of opening speculative (!) trades. Basic targets: $89,804, $90,713, $91,622. The potential breakdown level is $87,530.
It is, of course, concerning that this growth coincided with the previously announced speech by US President Trump. Usually, growth during his speeches does not end positively. Plus, the price during this growth closed the nearest upper gap on the Chicago Mercantile Exchange at $86,610-$89,295. Giving -1 argument for further growth, if this is just a rebound. But we do not trade signs, historical patterns, and not even gaps; we trade trends. The trend for growth according to our indicator is there.
The fact that the transition was impulsive makes us wait for a price pullback, down to the potential breakdown level of $87,530. We opened a small volume, at 1/3 of the allocated trading amount, a long with a 30 leverage from the rate of $89,393.50. Further, we will see how the situation develops. When approaching $87,530$ - likely to add another 1/3.
For now, the nighttime idea with the "Dragon" with targets $91,225$ and $95,531$ and "Bullish Wedge" with a target of $95,840$ - is under consideration.
