On the 5, 15, 30 and 1 hour timeframe, BTCUSD is showing signs of bottoming action with price action. RSI is also confirming as we head into the NFP. Should NFP disappoint analysts forecasts, I believe Bitcoin will reverse to the upside.
My trade idea on screen is a 1:3 risk to reward setup.
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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.