BitcoinLong
BTC LONG Opportunity
Bitcoin is looking bullish - Waves (1), (2), and (3) seem to have formed and it looks like a wave (4) down is currently forming.
This trade proposes to wait for wave (4) to complete and enter a LONG position between 63650 and 62744,
The profit target will be around the local high at 67475.
The stop loss is set at 60237 in case the support at the end of wave 4 does not hold.
The volume profile is shown on the far left of the chart. This indicates the price levels with the highest levels of volume. These are the price levels which are most likely to see reversals.
This trade proposes to wait for wave (4) to complete and enter a LONG position between 63650 and 62744,
The profit target will be around the local high at 67475.
The stop loss is set at 60237 in case the support at the end of wave 4 does not hold.
The volume profile is shown on the far left of the chart. This indicates the price levels with the highest levels of volume. These are the price levels which are most likely to see reversals.
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.