charliefornia

bitcoin analysis.. possible dip then long?

Long
BITFINEX:BTCUSD   Bitcoin
my previous chart was not very good, so let me try this again lol.

ok so because i don't know if bitcoin will break down below the support before heading back up or if it will break above the triangle... i'll be setting buy orders to cover both ideas. if it breaks down below the support line i'll have a buy limit waiting to catch the dip, but if it breaks above the triangle, i'll have a buy stop waiting right above the resistance line. TP would be at the highest point of the triangle.

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.