The question is: What is a good entry point?
Wait until Bitcoin pulls back or consolidates and breaks out. Right now it is in no man's land. If it goes up you make a little, but it if goes down you lose a lot. Wait for a better risk to reward opportunity.
On this Hourly chart, Bitcoin has already broken out from it's flagpole at 3260, and Bitcoin continues is strong run out of the flagpole formation that formed after the strong breakout from 3000.
I think we're heading to 3500 / 3700 / 4000 in the coming days and weeks, but when to enter??
Entry Points: A pullback back to the 3300 level flagpole breakout support, a pullback to 3000 big support, a consolidation and breakout of 3500 to 4000.
Wait until Bitcoin pulls back or consolidates and breaks out. Right now it is in no man's land. If it goes up you make a little, but it if goes down you lose a lot. Wait for a better risk to reward opportunity.
On this Hourly chart, Bitcoin has already broken out from it's flagpole at 3260, and Bitcoin continues is strong run out of the flagpole formation that formed after the strong breakout from 3000.
I think we're heading to 3500 / 3700 / 4000 in the coming days and weeks, but when to enter??
Entry Points: A pullback back to the 3300 level flagpole breakout support, a pullback to 3000 big support, a consolidation and breakout of 3500 to 4000.
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Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591