jhypark
Short

Two scenarios of safe long entry setup for BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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I think BTCUSD is very likely to touch lower green trend line (long-term bullish support), so, possible long entry setup can be :
1) If we can see strong bounce from 7500~7800$, target is 11000$ (ORANGE LINE)
2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE).
If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe lowest of this year). Personally, I expect scenario 2.
Comment:


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Two scenarios of safe long entry setup for BTCUSD by jhypark on TradingView.com
Comment:
Comment:
bounce from 7100 to 7500, wait the daily candle closing. Not open long yet.
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<p><a href="https://www.tradingview.com/chart/BTCUSD/50eW4bez-Two-scenarios-of-safe-long-entry-setup-for-BTCUSD/">Two scenarios of safe long entry setup for BTCUSD</a> by <a href="https://www.tradingview.com/u/jhypark/">jhypark</a> on <a href="https://www.tradingview.com/">TradingView.com</a></p>
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