CaptBlackBeard

2 day - BTC - Bonfire built 1/1 trend and levels

Long
BITSTAMP:BTCUSD   Bitcoin
Used Bonfire indicator to square the price.

This line is important as resistance. BTC needs to push through and close above. It would not surprise me to see BTC attempt a retest towards it after it does pump. Levels are marked with horizontal lines. Time does not stop for BTC so as long as it stays at this level (does not fall at line), time will push it through.


Long term - long
Midterm - neutral/long
Short term - neutral

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.