BTC - Medium Term Setup
ที่อัปเดต:
We are looking at an interesting triangular formation in BTCUSDT (DAILY) with support line validating back to May '19.
Below are some interesting observations that we'd like to share with our followers:
- Dual support coming in from 100EMA (Daily) and a validated up-trending line.
- Price consolidating in the Triangle means BTC could possibly be targeting ~14,500 - ~ 15,000 range - but we are yet to see a breakout in this case.
- Emergence of a tentative positive divergence between RSI and Price on 240m chart
Considering the mentioned factors, we believe traders can capitalize on the triangle formation, as long as the range is not too narrow. Breakout buyers can wait for a proper confirmation before going long.
Exact levels on the chart.
*This trade is live for Ritoku followers*
Below are some interesting observations that we'd like to share with our followers:
- Dual support coming in from 100EMA (Daily) and a validated up-trending line.
- Price consolidating in the Triangle means BTC could possibly be targeting ~14,500 - ~ 15,000 range - but we are yet to see a breakout in this case.
- Emergence of a tentative positive divergence between RSI and Price on 240m chart
Considering the mentioned factors, we believe traders can capitalize on the triangle formation, as long as the range is not too narrow. Breakout buyers can wait for a proper confirmation before going long.
Exact levels on the chart.
*This trade is live for Ritoku followers*
บันทึกช่วยจำ
Support held so far. Hoping for the best :)บันทึกช่วยจำ
We are up ~10% from support zone. Day close above $11,000 is likely to clear the path towards $11,600. Happy trading!บันทึกช่วยจำ
We advise trailing the stop for half of the position slightly below 10349.บันทึกช่วยจำ
Position that was trail-stopped in profit (10,349) can now be rebought as BTC trades in the support zone. Closing based stop below 100ema (Daily)
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน