BitcoinLong
BTC long trade setup using ICC concepts
BTC is showing buyers presence by pushing price back to the resistance.
If buying volume rises on the resistance, we can zoom into low timeframes to find a bullish structure.
If price breaks above that bullish structure, we can expect the price to reach the last high, 108k, our target. It's weekend so it's low volume, RSI is overbought, I expect price to chill around 100k-103k. We just wait patiently for the price to tell us what it wants to do, could be a 1:3 or 1:4 trade.
If buying volume rises on the resistance, we can zoom into low timeframes to find a bullish structure.
If price breaks above that bullish structure, we can expect the price to reach the last high, 108k, our target. It's weekend so it's low volume, RSI is overbought, I expect price to chill around 100k-103k. We just wait patiently for the price to tell us what it wants to do, could be a 1:3 or 1:4 trade.
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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.
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.