BTC OVERVIEW – LONG TRADE IDEA
Bitcoin / USD FTX:BTCUSD
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!!!
