Bitcoin is at an important support on the 4H. The 60,700 to 63,000 range has been tested as resistance on the way up. Now, it's support with a perfect confluence of the 200 EMA.
Signals for me to open a long position with 3x leverage would include any two of the following:
1. A bullish RSI divergence
2. A double bottom at support ( 200 EMA)
3. A bullish engulfing candle
4. A hammer candle
Stop loss will be at 59,116 with a trailing stop loss.
If I'm stopped out I'll regroup and look for entries at the next level of major support around 52,000.
Signals for me to open a long position with 3x leverage would include any two of the following:
1. A bullish RSI divergence
2. A double bottom at support ( 200 EMA)
3. A bullish engulfing candle
4. A hammer candle
Stop loss will be at 59,116 with a trailing stop loss.
If I'm stopped out I'll regroup and look for entries at the next level of major support around 52,000.
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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.