Technical analysis by longsonvn about Symbol BTC: Buy recommendation (7/18/2024)

On July 15, BTCUSD closed above its MA-50 for the first time since June 15. During the last 3 days it was trading right around this moving averages and currently is still holding above. Hence I started to open a position here with a stop loss below the MA-50.Trade active: Retested the MA-50 on July 25. So far there is nothing wrong with the price action and we continue to hold on this position.Trade closed: stop reached