BITCOIN (BTCUSD): How to Buy With Confirmation ₿

Hey traders,

For those who want to buy Bitcoin, I have a great setup to pay attention to.

The price keeps setting lower lows and lower highs.
Lower highs are perfectly respecting a strong falling trend line.

Reaching a new low the price formed an inverted head and shoulders pattern.
To buy with a confirmation, I would suggest waiting for a bullish breakout of a trend line.
You need an hourly candle close above that.

Then a bullish continuation will be expected to 31800 / 33700.

Remember that while the market is trading below the trend line it remains bearish though.

What are your expectations?


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Comment:

Check my new idea on EURUSD: