I use envelopes to trade Bitcoin, and the first sign of a change in trend is an impulsive break and close either above/below the 200 ENV on the 30 Min TF. Bitcoin prices have done just that, indicating that the bulls are taking over the market. A break and close above the 100 ENV on the 4HR will indicate a bullish trend. Next stop = 50K. ENJOY!!!
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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.