BitcoinLong
BULLISH ON BITCOIN
Price was maintained in an accumulation zone for quite a few weeks. It seems desperate for the distribution faze. I'm bullish until the price breaks and closes below the 50D EMA. Price has pulled back to the top of the accumulation zone with the DXY looking bearish. So now I'm just looking for the proper entry. For now, I'm looking to enter into a Long with the 4hr. time frame being the bare minimum for a bullish standard on Bitcoin's price action.
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.