elitealpha

Bitcoin BTC 1 Hour Market Analysis

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin is taking its time, so no major movement yet
It needs to either BO or BD for me to have more confirmation to sell or buy

Things to watch for:
Resistance and Support areas
The descending triangle is forming
The long channel which seems more bullish

Overall action steps:
Being patient and seeing where the market goes and riding the trend if Bitcoin BO or BD
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.