AlphaTradeZone

Bitcoin showing strong momentum. Next target?

Long
BITMEX:XBTUSD.P   Bitcoin
The price of Bitcoin is increasing quickly in the last days. We touched the 3D supply zone and rejected it with a large wick. This zone is a good place to hedge your spot bitcoin exposure however at the current state shorting will not be in your favor. Price may need to pullback into support in order to break the supply and reach upper levels. I would target 4350 since it's a level where many people would be trapped. Zooming out, price is not yet showing any bullish market structure shift. Trade carefully and don't get trapped.

We provide:
-Charts
-Education
-VIP trade calls
-AI Trading

Binance reg.link: www.binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc

Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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.