Weekly simply shows there are more rooms for BTC to continue the uptrend but lower time frame will let us know better as there may be pullbacks however, we need the weekly candle close above the most recent high of $118,900 to give us that immediate confirmation.
So as not to get trapped by the bears, the best way to trade the buy for BTC is to have a buy-stop Order at $118,900 with SL below $112,000 with very low Lot size depending on your account balance.
Proper risk management is strongly advised
So as not to get trapped by the bears, the best way to trade the buy for BTC is to have a buy-stop Order at $118,900 with SL below $112,000 with very low Lot size depending on your account balance.
Proper risk management is strongly advised
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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.