BTC possible long set-ups.
Обновлено
I don't believe the downtrend is done, however I can see a potential short term bullish movement towards the .618 fib level above.
Possible set-up would be enter upon neckline break. To increase chance of probability, I would enter on a re-test of the neck-line (resistance turned into support).
Another set-up would be to play the up-trend line support, with a break of the bull flag. Will probably meet the apex of this confluence zone, then break up to test the neckline resistance.
This set-up will need to be re-evaluated if up-trend line is broken.
Things to consider:
-Volume. Price has creeped it's way higher from the "bottom", but Volume has been declining. This divergence concerns me for another leg down to happen.
Safe trading!
Possible set-up would be enter upon neckline break. To increase chance of probability, I would enter on a re-test of the neck-line (resistance turned into support).
Another set-up would be to play the up-trend line support, with a break of the bull flag. Will probably meet the apex of this confluence zone, then break up to test the neckline resistance.
This set-up will need to be re-evaluated if up-trend line is broken.
Things to consider:
-Volume. Price has creeped it's way higher from the "bottom", but Volume has been declining. This divergence concerns me for another leg down to happen.
Safe trading!
Заметка
So far squeezing into apex. Breakout soon
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