Thesis
Long
BTCUSD
The name has been trending higher on short term 4 hour timeframe.
The current chart is a logarithmic price scale look at
BTCUSD
and better reflect the price pattern and the price channel over the last Year.
Confirmations:
1. Breakout above recent highs on heavy volume
2. Above support
3. Above trendline on shorter timeframes
Contradictions:
1. Below resistance
2. In the upper half of the log price channel
Trade:
Long
BTCUSD
Related Trade:
Long
BTCUSD
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
Long
BTCUSD
The name has been trending higher on short term 4 hour timeframe.
The current chart is a logarithmic price scale look at
BTCUSD
and better reflect the price pattern and the price channel over the last Year. Confirmations:
1. Breakout above recent highs on heavy volume
2. Above support
3. Above trendline on shorter timeframes
Contradictions:
1. Below resistance
2. In the upper half of the log price channel
Trade:
Long
BTCUSD
Related Trade:
Long
BTCUSD
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
