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Signal_Centre1
Jun 4, 2021 12:35 PM

BTC Buy the dip. Long

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD - Intraday - We look to Buy at 35158 (stop at 33988)

Price continues to trade within the triangle formation.
Trend line support is located at 35200.
Support is located at 35000 and should stem dips to this area.
We look to buy dips.

Our profit targets will be 38488 and 39488

Resistance: 36500 / 37500 / 38500
Support: 35300 / 35000 / 34500
Comments
FewThoughts
very nice! I would drop my short to 33700
Signal_Centre1
@FewThoughts, Thanks!
Killroy1406
kudos mate!
Signal_Centre1
Mihai_Iacob
Keep them coming !
Killrb13
Deleted
Killrb13
Risky af. While I do see another top out on the pennant it's not guaranteed. Bears inbound. Headed to 20K starting tomorrow...
Signal_Centre1
@Killrb13, As long as the risk reward is optimal, it's not on point to call it risky!
Killrb13
@Signal_Centre1, I see it as risky because we're nearing the end of the triangle with less upward movement available each hour that passes. Ratio and timing aren't the same thing but both should be considered.
Berkley101
agreed, still bullish mid and long term
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