VIP MARKET UPDATE #ETH price trades above MA200 for the first time in two years
Bulls are back lads
Bitcoin is now trading in our first anticipated resistance ($18650-$19000) as it see’s a 11.5% gain our entry point around 17k .
Whilst we may see the price stall around 19k (resistance) , the trend is increasingly strong / bullish . More so , we can anticipate our support to move up slightly to the $17400-$17000 region .
We can also apply some risk management some minor profit taking(15-20%),however, we still recommend remaining net long for the time being as the trend seems intact.
New entriesToday is expected to be a confirmation of the return of the mini bull market. BTC 18.7k ETH 1.4kBoth are worth holding until the middle of February.
Stop Loss: 6% from current rate.
@Cryptomathh
