In this technical analysis I will show you why this is a good moment to buy bitcoin. All the information can be found on the chart, but here is a small summary:
- Breakout through the resistance! A very bullish signal. We can expect this horizontal zone to turn into support later in case any downturn would happen. That's what makes this a relatively safe entry point.
- A 15% upwards potential. We see a big distance to the next horizontal zone while the stop loss directly underneath the support keeps us safe. This trade should give us a risk reward of about 2.5
- Overall bullish trend. Every trade should start with a positive bias since the likelihood of btc going up is just been so high recently given the massive uptrend.
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- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
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TheSignalyst
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I have been waiting for your view gentleman 👑 thank you
Trading-Guru
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@TheSignalyst, Still very bullish! Happy to see bitcoin is finally on the run again
Trading-Guru
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I will be posting more of these regularly, so follow me to find out about great trading opportunities
lmulhare
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Thanks Guru :)
RajeshwarRajj
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liked it.. thank you guru ji..👍🙌🙏
Trading-Guru
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How would you have charted this? Feel free to post a link to your own idea here as well
Trading-Guru
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I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.