RobsPlan

BTC Long - Good risk / reward

Long
RobsPlan Updated   
COINBASE:BTCUSD   Bitcoin
In my previous post, you'll see i was bullish on BTC before the whole middle east conflicts. I think this is an even better buying area as its currently is retesting support after the previous breakout. Theres a lot of panic going on, taking the opposite side of the trade has upside here.

If this area does fail. I will be looking toward the 25.4 - 25.6k region.
Comment:
additionally, buy vs sell volume on the daily is how i expect it would look signaling a reversal in Mid September as buy volume outpaced sell volume for the first time since the local top of 30-31k. Any drop below this current level is a great long term spot buying opportunity.

This further boosts the bull case imo.
Trade closed: target reached:
Are you not entertained??? Closing this as resistance was reached. Will reevaluate.
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.