BTC OVERVIEW - LONG TRADE IDEA
Hey everyone,
Just making a quick overview of BTC where it is now, we can see that BTCUSD is in a symmetrical triangle pattern now and looking like its going to break to the upside, RSI is over 50 in the 4h and the usdt dominance looks like is doing a triple top pattern on the weekly which is a bearish pattern . This can indicate that people are moving money away from USDT and putting into BTC and other alt coin which is a bulish sign to BTC .
Based on this i think we can set up a long position with a good risk reward here as per the chart.
Let me know your thoughts on this.
Cheers!!!
Just making a quick overview of BTC where it is now, we can see that BTCUSD is in a symmetrical triangle pattern now and looking like its going to break to the upside, RSI is over 50 in the 4h and the usdt dominance looks like is doing a triple top pattern on the weekly which is a bearish pattern . This can indicate that people are moving money away from USDT and putting into BTC and other alt coin which is a bulish sign to BTC .
Based on this i think we can set up a long position with a good risk reward here as per the chart.
Let me know your thoughts on this.
Cheers!!!
Uwaga
Almost half the target reached now on btcusd and usdt dominance getting close to the support, maybe we can move sl up for a risk free trade.Uwaga
75% of target reached, maybe we can take a bit of profit and raise sl.USDT dominance is on the support
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