BTCUSDT- At the point of no return?
Previously I published a daily chart indicating where I thought price may begin to gather momentum and head up.
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
Transaction en cours
Look like the Bulls have joined the party to take BTC long.
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.