Bitcoin VLOG #50 - Breakout! but are we overbought yet??
BTC has formed a significant higher low, another significant break of the range 41k, and a significant break of the most recent high.
Damn good signals.
A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate.
My TA is feeling really behind the 8 ball here so I'm not really taking longer time frame trades here.
But technically, I think this ticks a lot of good boxes for a long trade. Take profit maybe 47.5K? Or scale out 90% 45k to 50k.
MY ROUGH PREDICTION = It looks extremely bullish, weekly close is soon though. I think we could reach 45k.
Shoutout to todays trading view ideas =MMBTtrader, tntsunrise, VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Descending channel update
2:45 = Very significant bullishness
3:45 = My failed short
9:15 = BTC 1 weekly
11:00 = Overbought yet?
12:30 = ROUGH PREDICTION
16:00 = MMBTtrader - nearing resistance
16:50 = tntsunrise - 4h buy signal
18:00 = VincePrince
19:30 = Closing words
19:30 = Closing words
Damn good signals.
A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate.
My TA is feeling really behind the 8 ball here so I'm not really taking longer time frame trades here.
But technically, I think this ticks a lot of good boxes for a long trade. Take profit maybe 47.5K? Or scale out 90% 45k to 50k.
MY ROUGH PREDICTION = It looks extremely bullish, weekly close is soon though. I think we could reach 45k.
Shoutout to todays trading view ideas =MMBTtrader, tntsunrise, VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Descending channel update
2:45 = Very significant bullishness
3:45 = My failed short
9:15 = BTC 1 weekly
11:00 = Overbought yet?
12:30 = ROUGH PREDICTION
16:00 = MMBTtrader - nearing resistance
16:50 = tntsunrise - 4h buy signal
18:00 = VincePrince
19:30 = Closing words
19:30 = Closing words
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.