Bitcoin it's in the demand zone, so, it's very easy to look and know this perspectve. We forming a harmonic pattern called Bullish Butterfly. Also, I look a risk/benefit 1:3. It's excellent to find up a long posiiton in Bitcoin to buy. But I want to buy in the market limit at $46,500 USD. Also, we look a bullish divergence in RSI and price action, but as I said here, I will put a buy order limit at $46,500 USD.
Now guys, I look an interesting formation in Daily timeframe in the price action. If we closed up in this bullish candlestick today in 2:40 hrs more. We could to look a bulish reversal until $52,140 USD approx and then, look at this supply zone if Bitcoin will break up this resistance level.
But I put a buy order limit, and also, I will check the Daily timeframe to know how the Daily candlestick close
Now guys, I look an interesting formation in Daily timeframe in the price action. If we closed up in this bullish candlestick today in 2:40 hrs more. We could to look a bulish reversal until $52,140 USD approx and then, look at this supply zone if Bitcoin will break up this resistance level.
But I put a buy order limit, and also, I will check the Daily timeframe to know how the Daily candlestick close
Trade closed manually
Bitcoin its more bearish. Closed up manually or cancelled idea.
Related publications
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.
Related publications
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.