BTCUSD lets buy this DIP

KRAKEN:BTCUSD   Bitcoin / U.S. Dollar
We notice that BTC is currently in the process of testing a confluence of support features on the 1D chart:
1) descending trendline (drawn across previous years highs - thick black line)
2) EMA100 (we use EMA100 to define bull/bear markets)
3) horizontal support at 10500

Overall, I view it as a good opportunity to add to the long position targeting 13k-15k
for weak-handed leveraged trades we can place stop loss below 10500
for stronger-handed spot trades we can place stop loss below 9000

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.