Bitcoin (BTCUSD) - Daily timeframe - Long with target 4446
Updated
Long, with target 4446
Invalidation point: 4040
Multi-timeframe analysis
M) Up: SMA9 on RSI > 65
W) Up: Last PR TA 3911 (supp-level), still in correction
D) Mixed: RR bear, but PR TA: 4446
4H) Up: In correction, pay attention to bull div which is bearish signal
Early entry is now possible, safe entry is when Daily RSI is above RSI 60 again.
Invalidation point: 4040
Multi-timeframe analysis
M) Up: SMA9 on RSI > 65
W) Up: Last PR TA 3911 (supp-level), still in correction
D) Mixed: RR bear, but PR TA: 4446
4H) Up: In correction, pay attention to bull div which is bearish signal
Early entry is now possible, safe entry is when Daily RSI is above RSI 60 again.
Trade closed: target reached
Early entry was in hindsight excellent timing. Target reached and far beyond. New targets are set, see separate idea.
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