BitcoinLong
Bitcoin: Broke Bearish Trendline and In the Buy Zone, Buy Setup.
Bitcoin Analysis....
The Price broke above Bearish Trendline with a Strong Bullish Engulfing candle.and now price is coming to retest the trendline.There is a good chance that after retest of the trendline prce will continue to move higher till the next big resistance level of $8,500,If the market gives a Bullish Signal Look for Buy opportunity.the only concern would be the volume in the marke. Be carefull from fakeouts...
Push like and Support the Idea...
The Price broke above Bearish Trendline with a Strong Bullish Engulfing candle.and now price is coming to retest the trendline.There is a good chance that after retest of the trendline prce will continue to move higher till the next big resistance level of $8,500,If the market gives a Bullish Signal Look for Buy opportunity.the only concern would be the volume in the marke. Be carefull from fakeouts...
Push like and Support the Idea...
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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.