BitcoinLong
We goin up? (BTC)
Updated
Nice bullish butterfly harmonic, numbers check out.
Pattern was closed with a hammer and followed by a reversal doji.
Oversold bullish srsi crossover and rsi turning upward.
Somewhere between 3800-4600 seems likely should the sellers decide not to start selling, that should be played by ear.
Stoploss below 3150+-20 at this point.
If this reversal fails, another 50% drop seems likely in the coming months.
This is a pure technical reversal and is subject to fundamentals coming into play at any time.
Volume should be considered heavily.
Pattern was closed with a hammer and followed by a reversal doji.
Oversold bullish srsi crossover and rsi turning upward.
Somewhere between 3800-4600 seems likely should the sellers decide not to start selling, that should be played by ear.
Stoploss below 3150+-20 at this point.
If this reversal fails, another 50% drop seems likely in the coming months.
This is a pure technical reversal and is subject to fundamentals coming into play at any time.
Volume should be considered heavily.
Trade active
Looks like the entry point was good. Volume is increasing. Plenty of room on oscillators.
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.