Trading_Vista

BTCUSD - For now just optimistic of a recovery

Long
BITFINEX:BTCUSD   Bitcoin
It was in Oct, 2019 when I plotted the channel and major levels on this chart. For the most part, the channel has contained price but it has now broken out for the second time. A nice uptrend has been developing during the last 5 weeks but then again, that is exactly what happened in Dec 2019 too. Price just fell back rather impulsively before starting rising.

I am cautiously bullish again, looking at a daily close above 8,000 and then 10,000 to participate in this market.

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.