LONG with caution
-STILL overall uptrend- longest and craziest BULL uptrend of almost any asset of all time- what is in motion tends to stay in motion
- broke downtrend line, with retest
-double bottom
- BULLish Stochastic
-BULLish RSI
-BULLish MACD
Notice lack of BULL volume on breakout- proceed with caution. Volume lag on chart is acceptable but should show up soon. With other assets I would be more concerned, but BTC very limited supply can give more significant moves than other assets with less volume.
-STILL overall uptrend- longest and craziest BULL uptrend of almost any asset of all time- what is in motion tends to stay in motion
- broke downtrend line, with retest
-double bottom
- BULLish Stochastic
-BULLish RSI
-BULLish MACD
Notice lack of BULL volume on breakout- proceed with caution. Volume lag on chart is acceptable but should show up soon. With other assets I would be more concerned, but BTC very limited supply can give more significant moves than other assets with less volume.
Trade active
bought on reversal candle but notice lack of follow thru as profit taking upper wicks on most recent candles.Be cautious -Use stop
Note
breakout
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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.
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.