Bitcoin
Long
Updated

BTCUSD LONG POSITION (1h analysis)

2 667
On the chart we can see a falling channel pattern.
We expect that the price will reach the horizontal support. Only if this happen we can open a long position.

Target is shown on the chart.
Trade active
The price bounces from the support (entry for longs)
Trade closed: target reached
Target reached on 4 of June. Bravo!

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.