Bitcoin
Long

Short term Long play in Bitcoin, Buy $47777

Many reasons to take a long trade within the next 7 hours.

1. TD daily set up support line at $47500
2. 12 Hourly TD 9 buy set up ( current candle until 7 hours)
3. Weekly 20 Ma support at 47500
4. Fear sell off resulting in futures premium reduction and brief backwardation - mostly a bullish buy signal


Like previous trades only aiming for 5-13% gains

Happy trading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.