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Worth_The_Ri5k
Sep 2, 2021 2:00 AM

#BTC : Simple Trading Setup Long

Bitcoin / United States DollarCoinbase

Description

Quick #BTC Update:

1. We are clearly uptrending with a strong break of diagonal resistance

2. We are approaching the rejection level of the large Head & Shoulders pattern and if price stays above 49500 we could see a strong push to 55-57k which signifies failure of the previous pattern

3. We are moving upwards in a slanted trading range, while in this structure and not below we can expect an upwards breakout (following the previous trend leads to success usually)



4. Jack Dorsey (CEO of twitter) may be adding BITCOIN payments to the platform, extremely bullish news in my opinion.

coindesk.com/markets/2021/06/11/jack-dorsey-suggests-twitter-likely-to-integrate-lightning-network/


Where is invalidation?

I will cut my trade probably if we lose $48,000 region.

Comment

Playing out perfect so far, 49500 is important to hold above!
Comments
suvny21
Very nice
moolato
Love your ideas mate! Thanks as always, keep them coming :)
dinhngochiep30377
Interesting. Are we going to see 54k today?
Worth_The_Ri5k
@dinhngochiep30377, I dont think so fast, If we dont lose 48k it should happen within a week, just guessing though and not a guarantee!
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