BTCUSDPivot Point: (65 day EMA) $16912.25
The long-term trend is considered up when BTC /USD is above the 65 day EMA
Our view: Long positions above (65 day EMA) $16912.25
Comment: BTC /USD remains Bullish above the $16912.25 level—Buy on a pullback into the value zone (area between the 13 & 26 day EMA)
Stop-loss: (26 day EMA) $19163.61
Alternative scenario: Below $16912.25 BTC /USD becomes Bearish, expect further downside to lower levels
Trading Methodology: Triple Screen Trading System by Dr . Alexander Elder (Pullback Trading Strategy)
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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.