Bitcoin: Buy Signal above 11 000$$ Resistance
The price moved above 11 000$ resistance and it is a good bullish signal. If we look at the 4H timeframe, we will see a possible buying opportunity based on a trend reversal pattern. If the price breaks SMA200 and the local swing high, it will give us an exact signal for buying.
Here is an example of a possible long trade:
Buy above 11 185$
Stop below 10 815$
Profit Target at 11 985$
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a possible long trade:
Buy above 11 185$
Stop below 10 815$
Profit Target at 11 985$
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.