After roughly 30% down, Bitcoin has formed a multi-day disjointed angle and a rough formation of an Inverse head and shoulders pattern. Thus creating excellent trading opportunity for those sitting on the sidelines.
I apologize for the delay, at the time of this publication BTC was Testing Entry 1 displayed above. We may get lucky enough to test again, or possibly Entry 2 a little further down. The trade setup is as follows:
The trade:
Entry 1: 10255
Entry 2: 9931
Target 1: 11450
Target 2: 12490
Stop/Loss: 9200
I hope you all found this publication interesting and maybe even a little helpful.
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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.