cyatophilum

Bitcoin might not be done yet! Long setup

做多
BINANCE:BTCUSDT   Bitcoin / TetherUS
No need to mention that the weekly chart is bullish but I will do it anyway
We are well above all the emas, and the macd is still rising.

On the daily I like to use my special indicator (which is free)
It's a double donchian channel with additional signals from the oscillators.
Globaly we are still in the blue channel so that means we remain bullish.

Moving on to the 4H chart which is also interesting since will are back up on top of the 3 emas.
I found that the 9500 level is an old resistance that got confirmed as a new support, a very bullish sign too.

Diving into the intraday chart to find an entry. I will simply be using a breakout of the previous day high as show below.
I use a 2% trailing SL, the target is at 1550, which is the next level from the daily chart.

This is not a financial advice.

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