BTC 1h chart sees recent 3 touches
on bottom of the long-term uptrend channel no. 1,
with support 7550, resistance 7770,
fluctuates around 7600+ range
Bullish - once it hits above 7700,
to see if move above the channel
Bearish - tanked at 7550 and moved out of uptrend
Beware of bull/bear traps in the no trade zone
Wait for confirmations to enter short/long position
once it breaks out of the no trade zone
on bottom of the long-term uptrend channel no. 1,
with support 7550, resistance 7770,
fluctuates around 7600+ range
Bullish - once it hits above 7700,
to see if move above the channel
Bearish - tanked at 7550 and moved out of uptrend
Beware of bull/bear traps in the no trade zone
Wait for confirmations to enter short/long position
once it breaks out of the no trade zone
Trade closed: target reached
Target reached, did you catch the dip and short it?
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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.
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.