BTCUSD - H1 - Possible continuation
In h1, BTC looks like it wants to go higher.
Wait for the pennant to break to open long. The support must hold.
If it breaks up ... targeting the peak of june 2019 @13900 usd
It can also go down then up to cool off a little bit.
beware, the MACD is not that good looking in H4. and still overbought. A correction is due soon or after the 13900 is reached
if it drops, I see it stopping in the 12300-12200 area.
So please use stop loss for a trade like this
Good luck
Wait for the pennant to break to open long. The support must hold.
If it breaks up ... targeting the peak of june 2019 @13900 usd
It can also go down then up to cool off a little bit.
beware, the MACD is not that good looking in H4. and still overbought. A correction is due soon or after the 13900 is reached
if it drops, I see it stopping in the 12300-12200 area.
So please use stop loss for a trade like this
Good luck
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.