BITCOIN - BTC/USD two possible scenarios
on WEEKLY: Bitcoin is trading inside a giant symmetrical triangle (in blue) and now sitting around our upper blue trendline and round number 10000.0
First Scenario: we are waiting for a momentum break above 11000.0 and then look for objective buy setups on lower timeframes on its retest
Second Scenario: meanwhile, Bitcoin would be overall bearish, so we will be looking for objective sell setups on lower timeframes. (unless price breaks aggressively above 11000.0
on H4: price is trading inside our red channel so we are waiting for a new swing to form around our lower red trendline to consider it valid and enter on its break downward
on WEEKLY: Bitcoin is trading inside a giant symmetrical triangle (in blue) and now sitting around our upper blue trendline and round number 10000.0
First Scenario: we are waiting for a momentum break above 11000.0 and then look for objective buy setups on lower timeframes on its retest
Second Scenario: meanwhile, Bitcoin would be overall bearish, so we will be looking for objective sell setups on lower timeframes. (unless price breaks aggressively above 11000.0
on H4: price is trading inside our red channel so we are waiting for a new swing to form around our lower red trendline to consider it valid and enter on its break downward
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
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.