I think BTCUSD is very likely to touch lower green trend line(long-term bullish support), so, possible long entry setup can be :
1) If we can see strong bounce from 7500~7800$, target is 11000$ (ORANGE LINE)
2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE).
If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe lowest of this year). Personally, I expect scenario 2.
1) If we can see strong bounce from 7500~7800$, target is 11000$ (ORANGE LINE)
2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE).
If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe lowest of this year). Personally, I expect scenario 2.
Note
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<p><a href="tradingview.com/chart/BTCUSD/50eW4bez-Two-scenarios-of-safe-long-entry-setup-for-BTCUSD/">Two scenarios of safe long entry setup for BTCUSD</a> by <a href="tradingview.com/u/jhypark/">jhypark</a> on <a href="tradingview.com/">TradingView.com</a></p>
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Note
Note
bounce from 7100 to 7500, wait the daily candle closing. Not open long yet.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.