Bitcoin remains bullish as long as it makes a higher low on longer time frames. Note the pink trend line that spans from the end of May 2017. Hold this trendline for "BTFD" - otherwise, "GTFO".
Note
This might not be the bounce you are looking for. Though it would become interesting if we climbed above the orange channel. Note
As noted yesterday, it was not the bounce you were looking for. This here might be. For safety, buy above the orange line and set a close stop below pink. Short below pink.
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.
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.