Bitcoin
Long
Updated

Indicator of when to go long!

169
So in my analysis I am predicting a cup and handle formation on the 4H, once we see the price break past the resistance line you will start seeing a nice breakout. If we go below the red lines we might be heading back towards 9800-9900 range which would suck,
10k is looking super strong right now though so prepare for what comes next.

Look for price action to back-up your choice, looking at the RSI we can also see that it has not yet been overbought so there is still room for pump.
On the lower timeframe, we are going straight sideways, this is the consolidation period before we possibly re-dip to finish the handle on the pattern.

Good luck!
Note
Stand by and enter long at one of the green arrows

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.