Long Scenario For Bitcoin
Updated
Indicators:
- Daily candle has closed above the 200 MA & 50 MA
- Found support again in previously strong channel at 7800
- 7800 support was the neckline of a double bottom
If the this daily candle can close as a green two, the next resistance may likely be around 9550.
A safe Long can be taken only in the event the 2nd candle closes as a green two.
- Daily candle has closed above the 200 MA & 50 MA
- Found support again in previously strong channel at 7800
- 7800 support was the neckline of a double bottom
If the this daily candle can close as a green two, the next resistance may likely be around 9550.
A safe Long can be taken only in the event the 2nd candle closes as a green two.
Note
Edit:Pink Channel line should be placed @9550 not @9950. Chart remains the same otherwise.
Note
Bull flat formed, looking to break the pink dotted sub-channel
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