BITSTAMP:BTCUSD   Bitcoin
Hi. We are getting close to 7300 which I consider a possible buying opportunity (see previous idea). I will however like to first see the bottom of the green channel get confirmed. If we then drop below the bottom of the green channel I would possibly close my buys again and wait for a reentry into the green channel as a buying opportunity. Could also be that the bottom of the big triangle (blue line) could be a possible buying opportunity. However going this low would make me a bit worried for example because we then are starting to make lower lows and maybe lower highs on the larger time frames. As I am writing this it looks like the price is going up a bit which of course is possible as well also before we potentially test 7300.

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.