Bitcoin
Long

BTCUSD | Retracement

4 840
Please support this idea with LIKE if you find it useful.

Price was supported by the Ichi Cloud + the Mid line of the Descending Channel. It should be a retracement to the higher boundary of the Descending Channel and possible to the Mid Line of the Ascending Channel.

Stop-loss can be placed under the Mid line of the Descending channel or under the Ichi Cloud zone, if it comes to actions.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.

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.