BTC/USDT 4H Long
Entry: 20883.6
TP: 22989.2
SL: 20187.8
Long Trade Idea:
BTC has reached a point reflecting a reaction from a minor support zone, upwards channel momentum, and major pitchfork momentum. These zones may suggest a bullish reversal to occur making a temporary new high towards 23400. The RSI indicator is not showing any divergence which may suggest that the major downwards trend will continue. That further increases my thoughts for 23400 providing major temporary resistance, a decent opportunity to take profits before. That 23400 zone is also in line with the middle upwards channel as well as the major pitchfork momentum resistance.
Let's see how this plays out.
Disclaimer: I have not put a large degree of thought into this trade idea. This is purely for general practice and seeing if anyone has any thoughts that they would like to voice.
TP: 22989.2
SL: 20187.8
Long Trade Idea:
BTC has reached a point reflecting a reaction from a minor support zone, upwards channel momentum, and major pitchfork momentum. These zones may suggest a bullish reversal to occur making a temporary new high towards 23400. The RSI indicator is not showing any divergence which may suggest that the major downwards trend will continue. That further increases my thoughts for 23400 providing major temporary resistance, a decent opportunity to take profits before. That 23400 zone is also in line with the middle upwards channel as well as the major pitchfork momentum resistance.
Let's see how this plays out.
Disclaimer: I have not put a large degree of thought into this trade idea. This is purely for general practice and seeing if anyone has any thoughts that they would like to voice.
Note
There will be some resistance around 22250.Note
Followed by 22900 resistance.Note
Trade closed at TP 22989.2.
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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.