BTCUSD shows a good entry point on 4H which the price and the chikou span closed above both the cloud, tenkan, and kijun line. A perfect bullish sign with moderate to low risk, but it's a fair exchange with early moves to catch a good profit. MACD also shows a good momentum on this signal provides even more higher confidence that the price indeed is bullish. Continuation of this pattern will be reflected on 1D charts which is a perfect signal of the bullish sentiment, which in turn will be reflected in 1W charts which is also a perfect signal of 2017 bull run will make its attempt to reappear.For exit strategy always checks if the price on 1D closes below the kijun / slow line and the MACD shows negative value while doing so.
This is a personal analysis, not meant as any kind of financial advise.
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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.