nino12

Long strategy BTC!!

Long
BITFINEX:BTCUSD   Bitcoin
There are several indications that BTC will be bullish the coming days. On the 30 min a clear triangle is forming. The reverse triangle on the 15 min will probably go down to the 8270 support and then bounce up to the top resistance of the triangle (8576). It is also possible that the reverse triangle will not go to 8270 and instead break sooner, that is why I dont recommend a short now. When it breaks it will go up to 8850 where it will hit the resistance of the triangle on the 30 min. At this moment you potentially are up 7% and if it breaks the triangle then you can get even more depending on the volume it catches at the resistance.
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.