BTCUSD consolidation area
Hi folks:
I'm sharing my view on BTCUSD. I'm not fond of Bitcoin nor taking any trades but I like to follow its movements.
We are currently on a mega uptrend channel since we broke the 10k area consolidation and it looks like price is consolidating near 60k area. As long as we do not leave any of these 2 identified uptrend channels I would hold any long positions for a possible next impulse.
Anything below 45k could be dangerous for this pair.
I'm sharing my view on BTCUSD. I'm not fond of Bitcoin nor taking any trades but I like to follow its movements.
We are currently on a mega uptrend channel since we broke the 10k area consolidation and it looks like price is consolidating near 60k area. As long as we do not leave any of these 2 identified uptrend channels I would hold any long positions for a possible next impulse.
Anything below 45k could be dangerous for this pair.
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.