Bitcoin (BTC) is trading in old channel again!
Risk: low
Hi followers,
First of all, thanks for following me. I just started posting and if more people will follow me in the coming weeks, I will upgrade my account to provide you with better analyzes.
I provide you with this chart to make things clear for Bitcoin. What we see is that we are trading in the old channel again, after the news about BTC-futures came.
Buy: At the bottom area of the channel.
Sell: In the area at the top of the channel.
SL: Below trading channel.
Support:
9ma (Yellow)
18 ma (Purple)
At the time of writing, I already have a position in BTC.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Hi followers,
First of all, thanks for following me. I just started posting and if more people will follow me in the coming weeks, I will upgrade my account to provide you with better analyzes.
I provide you with this chart to make things clear for Bitcoin. What we see is that we are trading in the old channel again, after the news about BTC-futures came.
Buy: At the bottom area of the channel.
Sell: In the area at the top of the channel.
SL: Below trading channel.
Support:
9ma (Yellow)
18 ma (Purple)
At the time of writing, I already have a position in BTC.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Comment:
We are almost trading at the top of the channel. I'm expecting a pullback around this levels. On the other hand, if we close above the channel line, then we can go to much higer levels.
