Bitcoin Situation - Bullish
Updated
Yesterdays fake breakdown is the final sign before a real bullish run in our view.
Bitcoin seemed to break below our 60k zone support before springing right back above and closing within the zone, after the close we looked for 4h continuation which we got and entered at the average shown.
If you're out of the market and want to enter we'd recommend a dca approach on the lower timeframes down the fib retracement levels. We expect a small pullback from here before continuing up, even if it's just to 62ish.
This is an opportunity that doesn't come very often in our view and could well be the start to ATH.
The stoploss is set and should we break below we would look to the next support at 57.5k and then the 886 pcz of a bullish bat at 54k, but really we are not looking to break below the current support.
Bitcoin seemed to break below our 60k zone support before springing right back above and closing within the zone, after the close we looked for 4h continuation which we got and entered at the average shown.
If you're out of the market and want to enter we'd recommend a dca approach on the lower timeframes down the fib retracement levels. We expect a small pullback from here before continuing up, even if it's just to 62ish.
This is an opportunity that doesn't come very often in our view and could well be the start to ATH.
The stoploss is set and should we break below we would look to the next support at 57.5k and then the 886 pcz of a bullish bat at 54k, but really we are not looking to break below the current support.
Note
As we mentioned above^ 62k pullback would've been the chance. Now we are breaking through 66k and if we hold up 68k will be the next target. Note
First target hit, some profits taken. Note
Second TP hit, we break above here insanity could follow Trade active
So close to TP3!!!!Trade closed: target reached
Third TP HIT AND TAKEN! Well done to everyone taking this trade, we killed it once again. 
Related publications
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.