Our last Long Term entry was stopped out at a profit of 11390/BTC which you can review in this link tradingview.com/chart/BTCUSD/7j0QEryM-BITCOIN-Long-Term-Entry/.
This idea will show the next long term entry point.
I does not seem like the downtrend is finished, BTC is not showing enough strength on the up.
IF the 8300 support level breaks, I'm looking to enter in at 7400 when the panic is on.
stops are shown on the idea.
Please keep in mind you need to follow this idea closely and the updates. New information comes by the minute and price structures reveal themselves.
I employ strong money management, you have to lock in your profits and cut your losses.
This idea will show the next long term entry point.
I does not seem like the downtrend is finished, BTC is not showing enough strength on the up.
IF the 8300 support level breaks, I'm looking to enter in at 7400 when the panic is on.
stops are shown on the idea.
Please keep in mind you need to follow this idea closely and the updates. New information comes by the minute and price structures reveal themselves.
I employ strong money management, you have to lock in your profits and cut your losses.
Note
Hey guys after further analysis I decided to revise this idea. Please see "So You Want to Know How to Catch a Falling Knife"Trade closed manually
Updated Idea
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.
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.