Zoen_Trieste

Weekly Perspective On BTCUSD

Long
BITSTAMP:BTCUSD   Bitcoin
A bigger picture on BTCUSD provides better understanding of price action and long-term direction. The third of highest selling price is clearly attracting demand and supporting price. The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down can easily print a low around $7000. Buying those areas with stops below $6200 for 2R-3R targets is a lower probability but good R:R trade set up. Worth a try.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.