ActiveCrypto

BITCOIN / BTCUSD / Bearish tests coming. Still Finding Support.

Short
ActiveCrypto Updated   
COINBASE:BTCUSD   Bitcoin
This is a short term idea as BTCUSD looks for support long term. A 4H trend (Blue line) and structured support at $12,750 (horizontal yellow line) stand in the way of the current upward trend (red target box). If the bears push back the current movement upward; look for a deeper pull back to the long term daily trend. Volumes are getting higher and higher as we near a bottom support. Be ready for a deep spike or rapid drop in price for a brief moment. Setup some dream limit orders to catch some cheap coins.
Trade closed: target reached:
Well done. Target reached! Look for the reversal signals for a long term swing.
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.