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Blockhead784

BTC - Potential Long entry setting up

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Bitcoin (BITFINEX:BTCUSD)  
Blockhead784  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
As mentioned in my previous analysis, this is the type of setup I look for before going long. Price broke through the downward Trend channel line, 12 EMA (blue) has crossed over the 36 EMA (red) to the upside, and is now coming back to retest the trendline which is now support, before potentially taking off. At this juncture I wait for the retest to finish and closing green bar to the upside before entering.

Keeping is simple.

Cheers!
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