BitcoinLong
BTCUSD Long, January 2025.
- Horizontal consolidation, post impulsive bullish move, since late November.
- 92k level defended, with a false breakdown and a 89k wick down on a daily chart
- Pre-breakout structure since January 19, with a top of the triangle at 106k, with a current price at the time of publishing at 104.9k
- Macro picture: bullish trend, postive ETF inflows.
Strategy: playing the upside via BITX (2x BTCUSD)
- 92k level defended, with a false breakdown and a 89k wick down on a daily chart
- Pre-breakout structure since January 19, with a top of the triangle at 106k, with a current price at the time of publishing at 104.9k
- Macro picture: bullish trend, postive ETF inflows.
Strategy: playing the upside via BITX (2x BTCUSD)
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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.