BitcoinLong
BTC/USD Forecast: long
Here is an analysis on BTC/USD
RECAP: (Previous Analysis)
In our previous analysis BTC/USD was trading at $56,830
We were bullish on the pair and expected it to test resistance @ $58,000
However the pair was limited to $57,200 before falling to lows of $51,000
Triggering our Sell Stop @ $55,000 & Hitting our TP @ $53,000
WHAT TO EXPECT:
Currently @ $52,700
We expect the pair to break above current support/resistance @ $53,000 & test/attempt to break resistance @ $58,000
Failure to break above current resistance might send the pair to lows of $49,000-$47,000
Bullish Harmonic on the 1H chart
OUR POSITIONS:
Buy Stop @: $55,000
Buy Stop TP @: $57,000
Sell Stop @: $51,000
Sell Stop TP@: $49,000
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP: (Previous Analysis)
In our previous analysis BTC/USD was trading at $56,830
We were bullish on the pair and expected it to test resistance @ $58,000
However the pair was limited to $57,200 before falling to lows of $51,000
Triggering our Sell Stop @ $55,000 & Hitting our TP @ $53,000
WHAT TO EXPECT:
Currently @ $52,700
We expect the pair to break above current support/resistance @ $53,000 & test/attempt to break resistance @ $58,000
Failure to break above current resistance might send the pair to lows of $49,000-$47,000
Bullish Harmonic on the 1H chart
OUR POSITIONS:
Buy Stop @: $55,000
Buy Stop TP @: $57,000
Sell Stop @: $51,000
Sell Stop TP@: $49,000
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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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.
Related publications
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.