asgcorp

BTC USD H4 - great trade on buy side - low risk - target 7 000!

Long
asgcorp Updated   
BITFINEX:BTCUSD   Bitcoin
Right now is a great risk reward play to buy BTCUSD -0.54% stops near 6420-40 area, target 7000. only risk 60 dollars max, low risk trade setup. see chart. good luck, traders!
Comment:
guys, unfortunately on lower TF, on 120 mins price chart, just spotted a bear flag again (similar to XRPUSD).


Please don't enter this trade on buy side for now, until further notice!

Thank you, stay safe and have a nice day!
Comment:
don't chase on buy side now, guys.

Very likely that we shall hit 6300 before any real upside.

Please stay tuned, I will update, once we get more clarity.

My preferred scenario for right now - see below.

Comment:
here's this same TL on daily chart. 6400 is tagged as a minimum for BTCUSD

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.