xrowfm

Short-term dip in BTCUSD as entry for long term bullish play

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD broke below SMA50 on daily bars, I expect it to gain downward momentum and cover a majority of the distance that leads to EMA200. Some minor upward momentum is possible to hit the upper triangle line resistance, but I would expect a return to triangle support and an eventual break down that will offer a fresh opportunity to buy. Short-term target entry points located around 10,640 no later than Feb 1st and11,525 no later than Feb 8th. An entry in that retracement zone would offer a decent opportunity for a long term position (weeks/months) leading to fresh new highs above 20K.
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.