TradingView
stannieb
Jun 25, 2021 12:16 PM

Long opertunity? Long

Bitcoin / DollarBitfinex

Description

Price is currently trading in a bullish demand zone. To validate this zone, i'ld like to see a break of structure before i open a long trade!

Comment

Structure broken on the lower timeframes! Orders placed:

Trade closed: stop reached

Oj ^^
Comments
prctds
I personally won't long, more likely a small pump but it won't be able to clear 34500/35000 and market will flip again towards the 32k or more lower in weekend.
prezesfns
@prctds, I personally could see 2 options here, on 1H time frame reversal H&S which broken neckline - and now just confirmation 32.8 - 32.9k lowest (0.618 Fib as well) targets if we break 35k range: 36.6k and 38k
if this doesn't happen - yeah back to 29k range
stannieb
@prctds, show me a chart please :)
prctds
@prctds, if it doesn't works out then I guess we are going straight down.
stannieb
@prctds, I don't see a chart?
prctds
@stannieb, I pasted a link but it was removed somehow, please see in my profile, I shared similar ideas before today. timeline has changed slightly.
More