Bitcoin (BTC) is trading in old channel again!
Updated
Risk: low
Hi followers,
First of all, thanks for following me. I just started posting and if more people will follow me in the coming weeks, I will upgrade my account to provide you with better analyzes.
I provide you with this chart to make things clear for Bitcoin. What we see is that we are trading in the old channel again, after the news about BTC-futures came.
Buy: At the bottom area of the channel.
Sell: In the area at the top of the channel.
SL: Below trading channel.
Support:
9ma (Yellow)
18 ma (Purple)
At the time of writing, I already have a position in BTC.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Hi followers,
First of all, thanks for following me. I just started posting and if more people will follow me in the coming weeks, I will upgrade my account to provide you with better analyzes.
I provide you with this chart to make things clear for Bitcoin. What we see is that we are trading in the old channel again, after the news about BTC-futures came.
Buy: At the bottom area of the channel.
Sell: In the area at the top of the channel.
SL: Below trading channel.
Support:
9ma (Yellow)
18 ma (Purple)
At the time of writing, I already have a position in BTC.
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Note
We are almost trading at the top of the channel. I'm expecting a pullback around this levels. On the other hand, if we close above the channel line, then we can go to much higer levels.
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