BitcoinLong
Short-term long attempt on BTC - target $8650
On 1H interval good entries seem to happen when a) RSI is very low b) MFI+RSI signal shows a green zone and c) price is near support. Price seems to be showing a higher low and may break out of the trend of the past few days. Going long with 2-3x leverage with target of $8,650 and stop at $7975 = 3.7x Risk-return ratio.
Long-term: Still short as price showing a potential bear flag.
Long-term: Still short as price showing a potential bear flag.
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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.