Get started
Bitcoin
Long

BTC Bottoming Action Near 42,000 Signaling a Buy

By CryptoTough
The green breakout candle on May 8 failed to take a BTC higher, signaling a short-term top. Since then, BTC has moved significantly lower for 7 to 10 days. 42,00 looks like a good area to make some buys as the one-hour chart is showing a double bottom with price holding and increased volume.

s3.tradingview.com/snapshots/c/cycYu8QM.png
BTCUSDChart PatternsTechnical IndicatorsTrend Analysis
CryptoTough

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.