TradingView
jimmyzjy
Jun 1, 2020 3:19 PM

Jun-1, BTC 4hr analysis, wait for the triangle 

Bitcoin / Tether USDHTX

Description

For MID-LONG term view (1D), BTC is at a range from 8561 to 10084.
BTC won't decide the next direction until it goes beyond the triangle.
(By direction, I mean at least $1000-1500 swing trade opportunity)

It is better to REST for now, but if we want to play under SHORT term view (1hr or 4hr), here's my suggestion.
- SHORT, when BTC goes below 9493, with target at 9322. If BTC goes lower, it can reach 9193.
- LONG, when BTC gets supported by 9322 or 9193

There's a little opportunity that BTC goes up without retracement, and we can try LONG when BTC goes above 9670
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