Get started
TheDinoChart

Long on BTCUSD: stops taken, strong rejection, equal lows

Long
Bitcoin (BITMEX:XBTUSD.P)  
TheDinoChart Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Support and Resistance Supply and Demand BTC BTCUSD XBTUSD btcusdlong btclong Cryptocurrency crypto
7
0
trendanalysis supportandresistance supplyanddemand btc btcusd xbtusd btcusdlong btclong cryptocurrency crypto
Entering this quick long on BTC.

Reason:
  • stops are taken
  • strong rejection of 10070
  • equal lows
Trade closed: stop reached:
Stopped out. Looks like a typical stop hunt. Will wait for 4hr candle to close to see if bullish SFP confirms.

Ideally would like to see a close above 10,074.

Related Ideas

TheDinoChart
Long BTC. Bullish SFP and stops hunted. 4hr chart
TheDinoChart
BTC looks very bullish IF... Two potential long setups!
TheDinoChart
Neutral outlook for BTC: R/R trading strategy. Daily chart.
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.