BTCUSD: Potential rally ahead
I think there is a distinct possibility that Bitcoin will rally strongly in the coming weeks.
Entering long now with a wide stop and/or buying any dip as long as above 232.08 will yield a good risk/reward trade if proved to be valid.
Once this monthly bar closes, we will have confirmation of a monthly uptrend, and we already have a weekly signal in place, while price sits above the mode since the lowest low back in January.
Good luck!
Ivan.
Entering long now with a wide stop and/or buying any dip as long as above 232.08 will yield a good risk/reward trade if proved to be valid.
Once this monthly bar closes, we will have confirmation of a monthly uptrend, and we already have a weekly signal in place, while price sits above the mode since the lowest low back in January.
Good luck!
Ivan.
Trade closed: stop reached
Target not hit, profitable long though.
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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.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
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.