In this analysis in H8 timeframe, I see that Bitcoin it's make the confirmation of this trend line support. So, Bitcoin keep the support above of $30,000 dollars. So guys, I see that maybe we could to entry in the accumulation zone soon forming a possible ascendent triangle and maybe he profits it's will be biggest. My plan to trade will be that, just applying my profits for far away toward the $60,000 USD. That will be a growng up of near of 100% using the range to calculate the distance of your price entry approximately at $30,000 dollars toward the $60,000 dollars.
So, I belive that this will be a good trade for the week and the only it's waiting for confirmation, my possible price entry will be the $32,300 dollars approximately to then, check out in H4 chart to entry in the long position. And the SL wil be $26,200 USD becuase this will be a large trade.
So guys, my own reccomendation it's if Bitcoin make any consolidation, we would need to know if we see any altseason movement surprise for Ethereum, Cardano, Litecoin or another altcoins that you're intersting becuase we could to entry soon in the phase of altseason.
So, I belive that this will be a good trade for the week and the only it's waiting for confirmation, my possible price entry will be the $32,300 dollars approximately to then, check out in H4 chart to entry in the long position. And the SL wil be $26,200 USD becuase this will be a large trade.
So guys, my own reccomendation it's if Bitcoin make any consolidation, we would need to know if we see any altseason movement surprise for Ethereum, Cardano, Litecoin or another altcoins that you're intersting becuase we could to entry soon in the phase of altseason.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.