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Bitcoin with sequential record, where is it good to position Long?

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Bitcoin again breaks record after today's CME, the world's largest futures exchange, said it plans to release futures contracts on the key frame until the end of 2017.

"Given the growing interest of customers in developing Crypto markets, we have also decided to introduce a futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer.

The technical price is in a strong upward momentum, making a breakthrough on a horizontal resistance level of $ 6,000. Signing in is not good, but adjusting back to the $ 6,000 levels would give us a good opportunity for a risky entry at SL at around $ 5800. However, if the price fails to hold above $ 6,000, the good entry level after Price Action will be horizontal and diagonal support around $ 5000. A stop order will be about $ 4700. We remain whipping the Crippto currency, with any adjustment giving us a good opportunity for add-ons.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov


 Varchev Traders

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