BitcoinLong
Buying Signal TD Sequential
We did get a buying signal on the TD sequential looking for 9 more days of an upward trend, confirmed with a following green candle above the previous candle (caveat the day has just begun).
We're above the trendline from December 2020.
We didn't quite hit the 128 day moving average, that concerns me.
Buying volume on various exchanges (Binance, Bitstamp, Coinbase, Kraken) is just slightly higher and overall very low.
I would be cautious buying into this trend using smaller positions and setting my stop-loss at previously daily closing lows, approx. 48900.
We're above the trendline from December 2020.
We didn't quite hit the 128 day moving average, that concerns me.
Buying volume on various exchanges (Binance, Bitstamp, Coinbase, Kraken) is just slightly higher and overall very low.
I would be cautious buying into this trend using smaller positions and setting my stop-loss at previously daily closing lows, approx. 48900.
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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.