powdah

BTC long? Out of play for now

BITSTAMP:BTCUSD   Bitcoin
As shown in the chart, BTC simply oscillating inside a consolidation following bearish momentum with recent lower highs. Looking for retest of $28k support and maybe break lower. Either way, swing trade long is out of play until BTC breaks out of most recent bearish structure. How will we know when to look for new longs? We will see a decisive break of most recent lower high (currently $41.3k), followed by a swing trade long price action setup (ie inside bar). Until then, it’s all noise. Patience is the key for swing trade strategy here.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.