benstarslang

10/8/2021 BTCUSD Price Action Analysis

Long
BITSTAMP:BTCUSD   Bitcoin
Dear diary,

Here is a rough sketch of some key price action targets that I'll be using as reference points for the following couple of weeks.
Clearly I'm quite bullish up to ~$50k, which I consider a key psychological level; succeeding this target, I hope to see some clearer support levels.

postscriptum: I might post a follow-up analysis testing this thesis against my MACD strategy.

Regards,

Ben
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.