Nothing fancy today, just a quick trend analysis of BTC USDT pairing. As you can see within the green lines, BTC is in some kind of upward trend holding pattern. If it breaks down out of that pattern then a retest of the black support line is likely and a logical entry for a long position.
Happy to hear feedback and comments.
Happy to hear feedback and comments.
Note
If the price breaks above the green, this is also a logical entry for a long position and the price can be expected to continue in the upward trend.Note
Price has moved upwards and found support above the top green trend line. Scenario two entry.
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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.