On May 15, 2024, 
BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024.
It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50.
The breakout provides a new buy point here on D timeframe.
BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024.It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50.
The breakout provides a new buy point here on D timeframe.
Trade active
As of May 26, 2024, BTCUSD is still acting well above the trendline and we are still holding our long position.Trade closed: stop reached
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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.
Related publications
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.