BitcoinLong
Bitcoin Long
Bitcoin has seen price move up nearly threefold from March low around 3900 to the present value 11,200.
A significant downtrend from 2018 has been broken and awaiting price to be tested at previous peaks of 12000 and 14000.
A long bias is taken ( as all 4 short term daily MAV are aligned to the upside) . Momentum is to the high side, but has not entered OS territory.
Enter - 10,500 ( retest of the broken horizontal resistance)
Target - 15000 ( the equal extension to the .886 retracement )
Stop - 9400 ( 3 atr)
RR = 4
A significant downtrend from 2018 has been broken and awaiting price to be tested at previous peaks of 12000 and 14000.
A long bias is taken ( as all 4 short term daily MAV are aligned to the upside) . Momentum is to the high side, but has not entered OS territory.
Enter - 10,500 ( retest of the broken horizontal resistance)
Target - 15000 ( the equal extension to the .886 retracement )
Stop - 9400 ( 3 atr)
RR = 4
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.
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.