gregoirejohnb

BTC gaining faster than alts again

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC has been going sideways for about 3 months now, but it's slowly showing signs of life. It has been alt season in the meantime, but that might be over too: BTC.D flipped to an uptrend. That means BTC is going up faster than alts. We have range expansion to the upside in the past few hours. The weekends are times when volume is lower and there can be more explosive moves due to lower liquidity. Will BTC finally break out?

Entry: immediate
Stop: $1,700 from entry, fixed stop or trailing
Target: when the trend changes down

Stats are from 1/1/2020 to current using ~2% risk.

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.