While I am bearish BTCUSD medium-term, the decline also provides an opportunity for very short-term play.
We are near bottom Donchian channel bottom, and STOCH (not shown) shows we are near end of run.
Buy at $ 56,500- $ 57,250 for a move towards $ 61,250. Stop-Loss below $ 55,000 as a break will ignite $ 38,000 objective.
We are near bottom Donchian channel bottom, and STOCH (not shown) shows we are near end of run.
Buy at $ 56,500- $ 57,250 for a move towards $ 61,250. Stop-Loss below $ 55,000 as a break will ignite $ 38,000 objective.
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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.