Bullandbeartrading

BTC/USD Trade Idea

Long
BITSTAMP:BTCUSD   Bitcoin
Hello and welcome to my Trade Idea of the currency pair BTC/USD.

Lets start with the Top Down Analysis.


Weekly: On the weekly timeframe we see it's bullish, with almost no pullbacks.


Daily: The daily timeframe is bullish too.


H1: The H1 timeframe shows a consolidation in the MONTHLY RES and we draw a pennant pattern. We expect a break to the upside.


Have a nice day.
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