Bitcoin

BTCUSD Breakout and pullback buying

275
BTC is trading inside a Channel Up with a potential Inverted Head and Shoulders pattern within.
The MA50 1D is supporting after a Golden Cross.

Trading Plan:
1. Buy if the price completes a pullback of at least -11% from the recent top.
2. Buy if the price breaks above the Channel Up.

Targets:
1. 25800 (top of Channel Up).
2. 29500 (symmetrical rising leg on Inverted Head and Shoulders).

Tips:
1. If you want to do short term trading/ scalping, you can use the Fibonacci levels of the Channel Up. The form key Support and Resistance levels.

Please like, follow and comment!!

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.