This Indicator just went long BTC for the first time since July!

We've cleared this supply on BTC and are now looking for that upper level level at 52k after the first BTC long signal since July on the 1D

The big round number that is $50,000 tends to hold a level of important psychologically with traders (Think 10k, 20k, 30, 60k for the first time.. and how that played with emotions).

That's why despite the structure to the left giving up clean air to 52k, i'm playing with caution until 50k is confidently broken.

This is a key level for BTC and emotions are running high, which means we need to brace for some BTC chop.

Despite that, i'm expecting big things in Q4 2021, BTC seems to be pulling away from the traditional markets and standing on it's own 2 feet, which means big profits for traders like you and I.

Please trade at your own risk and do your own TA and I'd love to hear your thoughts below.

Take care friends.

- May the profits be forever in your favour.


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.