BitcoinLong
#BTCUSD Bullish Outlook Plan of action with evidence
BTCUSD
Bullish Indications:
1) Three soldiers' bullish candles (Dow theory ,making HH )
2) Next resistance @ 17095 and support is @ 16789
3) Divergence : RSI making a Bullish move , making HH
Bearish Indications:
1) Bearish Expanding Triangle pattern forming
2) Rising Wedge (continuation pattern of Bear Trend)
BIAS: Long
Plan A :
Long
Entry @ 16988
TP1 @ 17062
TP2 @ 17185
SL @ 16819 which is next support level
Plan B :
Shorting:
In Case it makes a Bearish move
Entry @ 16870
TP @ 16811
SL @ 17000
Bullish Indications:
1) Three soldiers' bullish candles (Dow theory ,making HH )
2) Next resistance @ 17095 and support is @ 16789
3) Divergence : RSI making a Bullish move , making HH
Bearish Indications:
1) Bearish Expanding Triangle pattern forming
2) Rising Wedge (continuation pattern of Bear Trend)
BIAS: Long
Plan A :
Long
Entry @ 16988
TP1 @ 17062
TP2 @ 17185
SL @ 16819 which is next support level
Plan B :
Shorting:
In Case it makes a Bearish move
Entry @ 16870
TP @ 16811
SL @ 17000
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.