Crypto-Frantisek

BTC LONG BREAKDOWN

Long
Crypto-Frantisek Updated   
BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
HELLO TRADERS, IM HERE WITH BTC/USDT LONG TODAY !!

Very slow London session today. All eyes are on the US data being posted this afternoon.

Strong data could increase the FED’s decision of a slower pace of recovery, also affecting the price of the dollar.

Today, I would definitely look for long positions on BTC and ETH that could confirm the current uptrend.
If BTC goes below $1710-20 today it will not sustain the current trend and will be a washout to around $16875

I will keep you informde, SEE YOU SOON
Trade closed: stop reached:
Today the price turned exactly $9 higher than we had our limit set and within an hour and a half hit my set TP where we would have taken almost 6% profit but as you probably know, we didn't. To top it up I think I've shown you very well how even with really good analysis the hardest part is timing the right entry, of course we're only at the start of a great month which means we have a lot to look forward to

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.