abztrdr

Bitcoin gave some back, time to long?

Long
abztrdr Updated   
BITFINEX:BTCUSD   Bitcoin
Excuse the lack of reasoning, however:

Quick, simple and pretty obvious BTC long opportunity.
Comment:
Adjusted initial buy zone a little higher due to bottomed out indicators, will be filled on Sept bmex futs.
Comment:
A last check of the chart before clocking off looks good.

Higher low and indicators in agreement.

Got an alert set for 7560 and will look to add more.

Comment:
Volume flat, althogh sell pressure has reduced.
Comment:
Expecting a dip towards 7400 before this move up can continue giving 2 higher highs and 3 higher lows.

After the move over the last 6 days, this dip is pretty healthy with the entire crypto mcap only dropping ~10bln from its local high.


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.