Get started
Bitcoin
Long

BitCoin Chatter

By Muzi_muz
Updated
I've been hearing a lot of chatter on BitCoin, on how it's about to make a big move to a new price channel, so I thought it best to give it a chance and view its setup. I first picked up an ascending triangle and placed my bounding lines, began to add my support and resistance lines. From there I picked up three opportunities for LONG trades, the first has already initiated, I believe Bitcoin Price will do some bouncing before it reaches the yellow resistance line, only then do I believe it will break the triangle and make a huge price jump (very long candlestick) into a new price range. Now would probably be the best time to invest in BitCoin
Trade closed: target reached
Chart PatternsTrend Analysis
Muzi_muz

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.