Long

BTC good entry point - now.

Updated

If you haven't been joining the rally so far, it's nice to enter now - EMA 200 seems to be holding (recent fall is a natural correction if you check RSI).

If you wish to be more conservative, enter if BTC -0.22% holds above 7.55. In other words, set the SL at 7.55 if you enter now (or have entered).

Note

Bear in mind that technically, there should be a little more downfall - for corrective purpose.

Note

(It's just that the recent rally seems to be very bullish - I don't expect a full retracement to occur - but the trading is all yours! If you are very risk aversive, entering now is not a good idea.)

Trade active

Note

So far so good. But it would be way better if we can break out from the smaller flag. Personally I expect a little more sideways within the larger flag.

Trade active

cedricpark

Also on:

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.