Bitcoin

BITCOIN - Interesting Times!

2 166
Bitcoin broke below 60k zone. NOW WHAT?

BTC is overall bullish trading inside our orange rising broadening wedge so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines.

The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in blue (50k zone) and the lower orange trendline.

As per my trading style:
I will be waiting for BTC to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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