BitcoinLong
Bitcoin - Short Term Long Opportunity DCA Range
In early June I called this [green] level as a potential downside target. Now Bitcoin is landing on a confluence of:
~bull market support (20w SMA)
~diagonal support extending from Jan-24
~the next value range along 64.4k
This might be LTF long opportunity. Definitely a good time to scoop up a little more spot if you are DCA'ing, like me. Still, I don't think we're ready for a big upside move [yet]. The most likely scenario is a little more sideways on higher timeframes.. so don't get greedy if you do take a position, risk management is key.
~bull market support (20w SMA)
~diagonal support extending from Jan-24
~the next value range along 64.4k
This might be LTF long opportunity. Definitely a good time to scoop up a little more spot if you are DCA'ing, like me. Still, I don't think we're ready for a big upside move [yet]. The most likely scenario is a little more sideways on higher timeframes.. so don't get greedy if you do take a position, risk management is key.
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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.