Renkotrade

BTCUSD LONG Situation 08.03.2019 at 12:00 a.m. NYT 4HR Chart

Long
BITFINEX:BTCUSD   Bitcoin
Interested things happens here the last 2 days

Exactly like forecasted from me, BTCUSD has esatblished
a LONG trend, easy to check withall the blue lines as support.

Interested is also that the BTCUSD has now taken out 2 resistance zones

First at 3960

and

Second at 3980

which are now support zones.

And we have classical Dow Theory here:

Higher Highs and Higher lows which is for the technical
trader a clear sign of an uptrend.

Its a long setup as long as the support zone
in blue hold and are not broken.

But dont forget in that market your stopp loss

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.