Zoen_Trieste
Long

BTCUSD: Preparing Continuation Setups

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD has been consolidating above the 100% point from YTD low during the last two months. Seemingly, the pair is now getting ready to probe the sub $9k area as a failure-test. If offers dry up as price dips beyond that range, which is expected to happen if the failure-test occurs, the price action is likely to wick that area and proceed higher as a result. It seems reasonable to be looking for limit buy setups in the $8.7k area.

Comments

Thank you for sharing your chart & analysis! I am not a charting expert, but on fundamentals and macro perspective I am very, very bullish. 🙏🏼♾️💚
+1 Reply
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