Bitcoin: Breakout incoming, here are the zones I'm looking at.
I'll keep this short.
1) Bitcoin is forming a Symmetric triangle pattern on the 4H timeframe
2) Volatility is at a low level (indicating a big move incoming)
3) There is indecision in the markets
4) Possibility of going either side.
5) a) If long: Set a stop at 10352
b) If short: Set a stop at 11016.
The faint yellow zone is the multi month demand zone and it looks like an attractive buying opportunity (somewhere sround 9k)
The yellow zone above is the shorter timeframe supply zone.
Play accordingly.
Happy trading :)
1) Bitcoin is forming a Symmetric triangle pattern on the 4H timeframe
2) Volatility is at a low level (indicating a big move incoming)
3) There is indecision in the markets
4) Possibility of going either side.
5) a) If long: Set a stop at 10352
b) If short: Set a stop at 11016.
The faint yellow zone is the multi month demand zone and it looks like an attractive buying opportunity (somewhere sround 9k)
The yellow zone above is the shorter timeframe supply zone.
Play accordingly.
Happy trading :)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。