Trader_Joe_Lee

BTCUSD 4hr XYAB Pattern long opportunity

Long
Trader_Joe_Lee Updated   
BITFINEX:BTCUSD   Bitcoin
BTCUSD had a nice bounce off the bullish bat pattern with an almost 100% rally, which was able to break some important pivots of the previous downtrend.
Accordingly, there would be a potential bullish XYAB pattern long opportunity.
Though there are still lots of rooms, it's worth noticing since it may play as a reminder that if we would like to buy the dip on BTCUSD, it might be the best possible trade!

Of course, this trade doesn't imply that it may go all the way to 7000 again, and if it's able to break 12000 nicely, I would also like to long in other techniques like inside bar trades.

Let's see how it goes!
Trade active:

Nice little bounce off 0.786 with an inside 4hr confirmation entry yo!

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.