BitcoinLong
BTC bullish trend
BTC has been consolidating in the ~60k to ~70k region for a while now, indicating buyers and sellers are comfortable with this range.
While BTC is and always will be volatile, there is likely an opportunity for a long term trade. To mitigate the volatility, a wider stop loss may be considered with the 56k region being a possible area where a structural change would occur.
A new trendline is emerging indicating a stable long term upwards move.
Elliot says price may reach 90k next.
This is not a recommendation to trade or not trade, just an idea. This is not financial advice.
While BTC is and always will be volatile, there is likely an opportunity for a long term trade. To mitigate the volatility, a wider stop loss may be considered with the 56k region being a possible area where a structural change would occur.
A new trendline is emerging indicating a stable long term upwards move.
Elliot says price may reach 90k next.
This is not a recommendation to trade or not trade, just an idea. This is not financial advice.
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.
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.