ARESABI

[BITCOIN] Short-Term Downtrend To Primary Trend

Short
BITSTAMP:BTCUSD   Bitcoin
In this idea we're looking at the Bitcoin price ( BTCUSD ) in the 1H chart. The change of structure is very easy to spot here.
As long as we're moving in a short-term downtrend, we're looking for chances to increase our long position or re-enter the market
as soon as we see another short-term trendchange.
This one is likely to happen at the primary trend, slightly above the $50.000 level (i expect some psycologial support here as well).
I have my orders set - everything else is explained on the chart.

ARESABI

All trades on BloFin 🔻 Get $5000 Bonus

✴️ No KYC, up to 20k daily withdrawal
✴️ 10% Cashback, 30 USDT Sign-Up Bonus
✴️ Meme-Coin PERPs, 50% Off-Fees on weekends

👉 partner.blofin.com/d/BloFinDE
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.