Two scenarios of safe long entry setup for BTCUSD
I think BTCUSD is very likely to touch lower green trend line(long-term bullish support), so, possible long entry setup can be :
1) If we can see strong bounce from 7500~7800$, target is 11000$ (ORANGE LINE)
2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE).
If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe lowest of this year). Personally, I expect scenario 2.
1) If we can see strong bounce from 7500~7800$, target is 11000$ (ORANGE LINE)
2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE).
If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe lowest of this year). Personally, I expect scenario 2.
Komen:
Komen:
bounce from 7100 to 7500, wait the daily candle closing. Not open long yet.
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Two scenarios of safe long entry setup for BTCUSD by jhypark on TradingView.com