Get started
IAmDavidX

BTCUSD, Interesting Day Trading Setup

Long
Bitcoin (COINBASE:BTCUSD)  
IAmDavidX  
COINBASE:BTCUSD   Bitcoin
Head and Shoulders Support and Resistance BTCUSD Bitcoin (Cryptocurrency) Gold priceacton
3
0
headandshoulders supportandresistance btcusd bitcoin gold priceacton
The market appears to have formed an inverted head and shoulders setup, which presents a potential upside movement.

We have a broken out resistance above 34k, and price is likely to retest a previous resistance ~ current support, before presenting further confirmations for upside movements.

All in and all looking pleasant for an upside movements towards 35k.


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.