If you are thinking about buying BTC, I would wait a bit.
Bitcoin is still on a downtrend and it is not showing any sign of strength yet on the daily chart.
So if you want to invest or trade it LONG for mid to longer term, I would just wait until it at least closes above the green trend line.
From there you could target the BLUE trendline as a TP zone.
Personally SHORT BTC right now on my Trend Following 1D strategy.
Bitcoin is still on a downtrend and it is not showing any sign of strength yet on the daily chart.
So if you want to invest or trade it LONG for mid to longer term, I would just wait until it at least closes above the green trend line.
From there you could target the BLUE trendline as a TP zone.
Personally SHORT BTC right now on my Trend Following 1D strategy.
To get all my scripts, analysis, trading tools, tutorials and free crypto trading signals, visit my website at TrendSurfersSignals.com
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.
To get all my scripts, analysis, trading tools, tutorials and free crypto trading signals, visit my website at TrendSurfersSignals.com
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.