BITCOIN : Long on Break of Today's HighWith reference to the last post I published on Bitcoin (see the post in my profile feed) I use the same image of the graph but close to this last period in which I see Bitcoin still showing upward strength to return to the channel of which I was talking about in the previous post.
This new month of June starts with bullish signals including:
1) Change of short-term structure from bearish to bullish;
2) My Predictum indicator tells me that the climb will continue this month too;
3) The LuTrender indicator still shows a bullish background structure
4) The price stays within the green channel
5) The moving averages act as support and are positioned for a Long structure
At this moment I also find an entry trigger that will occur at the break of yesterday's high and will remain so if the close is higher than yesterday's high. For those who want to make a quick short-term trade, a TP could be placed in the 29,000 area and the stop loss below the last swing lows.
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Thanks for your attention and happy trading :)
TAGS: BYBIT:BTCUSDT , COINBASE:BTCUSD , BINANCE:BTCUSD , OKX:BTCUSDT09M2023 , BINANCE:BTCUSDT.P
