BTCUSD In 2023, Bitcoin:
- Rallied off the lows
- Broke through the ML
- Retested and put in a base along the top of ML
Now in 2024, Bitcoin is breaking out from that base.
Hopefully, volume will confirm over the coming weeks. (Screenshot below)
But... there is no sense in waiting if you aren't "in" already.
Near perfect long setup as it is, plus BTC halving is about to take place sometime in April.
Get Long.
Take profit at the upper ML-H or move your stop up right below upper ML-H once it gets there.
Fat_Fat
Note
Hopefully, volume confirms over the coming weeks.
When/if it does, BTC may start going exponential.
Especially as we get closer to the halving.
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.