Hi everyone, looking at the daily chart it looks like Bitcoin is sitting on the big trendline that started last year when the uptrend started, considering that the bull market has just started this seems like a great time to place longs.
The risk / reward in this case is really interesting because having the trendline close to the current price, if it closes below the loss it would be small, while if it continues to rise (as I think it will be), the potential upside is very interesting because the next target is always 77K, so 33% profit by opening a long at 58K.
Happy trading everyone
The risk / reward in this case is really interesting because having the trendline close to the current price, if it closes below the loss it would be small, while if it continues to rise (as I think it will be), the potential upside is very interesting because the next target is always 77K, so 33% profit by opening a long at 58K.
Happy trading everyone
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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.