BTCUSDT:
Bitcoin broke the daily trend strongly and is pulling back to the same area.
We expect it to complete the cup pattern after the pullback
You can wait until the pullback is complete and start moving up
Or enter a long position with the specified stop loss in the chart.
Bitcoin broke the daily trend strongly and is pulling back to the same area.
We expect it to complete the cup pattern after the pullback
You can wait until the pullback is complete and start moving up
Or enter a long position with the specified stop loss in the chart.
Note
Note
If Bitcoin cannot break the trend line above the channel.And this area in which the price movement has been suffering should be broken down.
We will have the possibility of moving towards the bottom of the channel.
And we will pull back to the lower yellow line
Note that the move up or down is not confirmed yet.
So we wait
You can close your long position to confirm the breakout
Trade closed: target reached
Close Your Long Position
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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.
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.