on the 1D chart on the right, we have strong support, at 0.786 fib level, 200 Moving Average and downtrending support, also the bottom of the falling wedge. RSI is oversold, MACD is squeezing and getting ready to go up.
on the 4H chart on the left you can see that BUY volume has reached an ALL-TIME-HIGH since December. Bullish!
You can also see a nice green candle, that took BTCUSD from $8050 to $8850.
I entered around $8400 and will hold. Will continue to add to position if drops to 6-7k, which is possible but not likely.
on the 4H chart on the left you can see that BUY volume has reached an ALL-TIME-HIGH since December. Bullish!
You can also see a nice green candle, that took BTCUSD from $8050 to $8850.
I entered around $8400 and will hold. Will continue to add to position if drops to 6-7k, which is possible but not likely.
Note
on track
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.
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.