BTC Long - 100k pending?
Bitcoin has held support for the 3rd time in the past week and a half, putting in a lower low with bullish divergence.
Along with this it has broken the third degree supply line suggesting the end to an accumulation phase. We are long and you can position yourself here with a first tp at the 618 and a stop loss below the low. Layering down would be optimal to get a greater rr, however for this pattern to play out we'd look for fast price action this week.
Along with this it has broken the third degree supply line suggesting the end to an accumulation phase. We are long and you can position yourself here with a first tp at the 618 and a stop loss below the low. Layering down would be optimal to get a greater rr, however for this pattern to play out we'd look for fast price action this week.
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Good follow through on the daily. A backtest of 64k could happen, but the next real resistance is 99k. 
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Related publications
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.