Bitcoin Weekly Buy Signal
Bitcoin had a nice retracement to the 0.382 Fib level and bounced back over the Base - line.
The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks.
As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe.
I am expecting Bitcoin to rise to old highs in the near future, riding this wave till indicators show signs of weakness.
Stop Loss is targeted at 2x the ATR, so 5781,42 x 2 = 11562,84 points from 44815.
The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks.
As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe.
I am expecting Bitcoin to rise to old highs in the near future, riding this wave till indicators show signs of weakness.
Stop Loss is targeted at 2x the ATR, so 5781,42 x 2 = 11562,84 points from 44815.
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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.