Opportunity for BTC to show direction after BB Squeeze
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It seems that right now we find ourselves in a BB Squeeze. This means that soon we will find out the direction of the next big move. People tend to be reserved right now and want to see confirmation of a move. I am going to exploit this using a good Risk Reward ratio and enter a long.
The sell is located at the old stable price, forming a logical resistance level. The stop loss should be slightly under the weak support that has been formed given the few weeks that were stopped there.
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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.