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Bitcoin
Long

#BTC Run the stops and GO! #Crypto is #Bitcoin

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#Bitcoin has been trending in a channel for over a month. I can see a few confluent reasons for another drop to 6.7k area before moving on-wards and upwards. In my opinion, we will test 200 simple moving average on 4 hour time frame. Moreover, the bottom of the channel trendline. Finally, there are a lot of stops stacked right under the recent drop (aka liquidity). This is where I will go Long.

13GonBTC
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Trend Analysis

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Trend Analysis
13GonBTC
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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.