Long Scenario For Bitcoin
Indicators:
- Daily candle has closed above the 200 MA & 50 MA
- Found support again in previously strong channel at 7800
- 7800 support was the neckline of a double bottom
If the this daily candle can close as a green two, the next resistance may likely be around 9550.
A safe Long can be taken only in the event the 2nd candle closes as a green two.
- Daily candle has closed above the 200 MA & 50 MA
- Found support again in previously strong channel at 7800
- 7800 support was the neckline of a double bottom
If the this daily candle can close as a green two, the next resistance may likely be around 9550.
A safe Long can be taken only in the event the 2nd candle closes as a green two.
Note
Edit:Pink Channel line should be placed @9550 not @9950. Chart remains the same otherwise.
Note
Bull flat formed, looking to break the pink dotted sub-channel
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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.