Long
Bitcoin Bullish Channel continues
The channel from the previous post (bold white lines) still looks pretty good, although the top line was a little low. Now that we are near the bottom side of the channel, this is a relatively low-risk entry for a long. The ideal entry point would be below the bottom trendline, but anywhere from 1760-1775 should work out fine.
Target is the top trendline, while a break below 1750 with substantial volume would invalidate the trade and signal a stop loss.
Target is the top trendline, while a break below 1750 with substantial volume would invalidate the trade and signal a stop loss.
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.