BTCUSD Technical and Fundamental Analysis (LONG)
BTC seems to be in an ascending channel on the H1 Timeframe. A previous double top bearish formation at 9400 has caused a sell off to hit the bottom of the channel, which has strongly rejected the sell, thereby validating 9100 as a strong support.
Technical Indicators:
BTC continues to fight in the 9350 range, with selling pressure dying fast as seen in the VOLUMES and MACD.
Stochastics show an upward move towards 80 point, a bullish pattern emerging, despite BTC staying below 9350 --> DIVERGENCE
To watch for:
- A quick BUY opportunity if BTC retests the @ 9230 nearest support level, which is very near the bottom of the ascending channel. Expect a strong rebound towards the top of the channel @ 9650
Feel free to comment and feedback!
Regards,
GolDRoger, a humble beginner trader : )
Technical Indicators:
BTC continues to fight in the 9350 range, with selling pressure dying fast as seen in the VOLUMES and MACD.
Stochastics show an upward move towards 80 point, a bullish pattern emerging, despite BTC staying below 9350 --> DIVERGENCE
To watch for:
- A quick BUY opportunity if BTC retests the @ 9230 nearest support level, which is very near the bottom of the ascending channel. Expect a strong rebound towards the top of the channel @ 9650
Feel free to comment and feedback!
Regards,
GolDRoger, a humble beginner trader : )
Dagangan ditutup: sasaran tercapai
As shown in the chart (red line),Profits taken for BUY @ 9230 then CLOSED POSITION @ 9980.14
MASSIVE PROFITS!! Congratulations to those who followed my forecast = )
Nota
Updated late as I forgotten about this idea entirely lol
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.