On August 10, 2024, 
BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when 
BTCUSDT will cross up $62,800
The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200 which are very closed to each other now.
Death cross? Maybe. But I think keeping the trading signal simple is more important. After all, we will close the trade if the price will move down these key MA. Therefore I don't think we need to worry much about death cross.
Additionally, if laterBTCUSDT will move up above the upper trendline in the following channel, it will present an even stronger buy point.
BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when BTCUSDT will cross up $62,800 The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200 which are very closed to each other now.
Death cross? Maybe. But I think keeping the trading signal simple is more important. After all, we will close the trade if the price will move down these key MA. Therefore I don't think we need to worry much about death cross.
Additionally, if later
BTCUSDT will move up above the upper trendline in the following channel, it will present an even stronger buy point.Trade active
The buy stop order was triggered today.Trade closed: stop reached
As the stop reached we closed out our position.
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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.