BINANCE:BTCUSDT   Bitcoin / TetherUS
16000-17500 is a strong support level, from this level the instrument made its high too. At the moment, signs of a reversal have finally appeared on the chart, in the form of volumes, engulfing candles when approaching the support level. In addition, pay attention to the appearance of a double bottom pattern and trading without a rollback at the resistance level of this pattern. It is likely that the instrument will already go up after the exit from the accumulation or make the third bottom, but in any case it will go up in the short term. Since bitcoin is in a downtrend, then a long trade is short-term when the figure is worked out. Take at a price below 23.000
Entering a trade according to the trading rules of the W pattern
See the past idea on bitcoin, link below

Хочешь хороших денег – умей выжидать

Related Ideas

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.