The price of Bitcoin has broken out of the range, creating an uptrend. We have now created a bullish flag which was followed by bullish momentum.
As further support of this theory, the price of bitcoin have retested the breakout area at around $17250, creating an opportunity to buy.
TP - 1 - 17572.88
TP - 2 - 17974.72
Stop trade at - 16882.19
As further support of this theory, the price of bitcoin have retested the breakout area at around $17250, creating an opportunity to buy.
TP - 1 - 17572.88
TP - 2 - 17974.72
Stop trade at - 16882.19
Note
The price of bitcoin failed to continue the breakout, failing to pick up demand, further declining to our potential point of reversal.
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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.