OK time to dust off the old TV account again!
BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
Sign up to the best exchange FTX right here
and help a brother out 👇👇
ftx.com/referrals
BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back. I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
Sign up to the best exchange FTX right here
and help a brother out 👇👇
ftx.com/referrals
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.