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nmcapital44
Jan 9, 2022 12:12 PM

Bitcoin buying setup on daily chart Long

Bitcoin / TetherUSBinance

Description

Bitcoin has some support near 40000 to 40500.

This support area is good for bounce back.

Closing below 40000 will attract fresh selling and we can see 39600 level neat future.
This selling will be result if H&S pattern breakdown.

On the flip side a bounce is on the card.

If get any bullish candle near current zone buy and use the low of candle as a stop loss

Target will be 50000.
Comments
watchtrend
Nice trend
nmcapital44
@watchtrend, Yes sir
Great_Reset_Investing
your head and shoulder target should be lower, equidistant to the head to neckline
nmcapital44
@Great_Reset_Investing, Yes, but 30000 is strong support zone if breaks then there is no support till 20000.
andrewmc147
@nmcapital4, damn, if it hits 20000 it would be a great year
Leo-btm
nice charting, thanks for sharing
nmcapital44
@Leo-btm, You are welcome
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