BTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA 53K. It can touch 52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here.
BTC Swing Long Setup
Entry: 53K SL: 50.2K TP1: 67K TP2: 72K TP3: 102K
Trade should hit all TPs in next 3 months unless SL hit.
ملاحظة
Trade is active.
ملاحظة
Trade is working beautifully. If anyone opened a leverage position as per this analysis, I would suggest to keep booking profits in parts. Danger is not over until we close the daily candle above 64K with volume.
ملاحظة
Beautifully bounced from 53K zone. Upward momentum would be confirmed only if 2 daily candles close above 64K. Amazing trade so far!!!
NOT A FINANCIAL ADVICE !! DO YOUR OWN RESEARCH.
ملاحظة
This chart is beauty. Just hit the TP1
ملاحظة
And we are off to the races. Needs monthly closing above ATH in next 10 days. If we do, all the that waiting since Nov 2022 will be worth it for sure. Parabolic rally in the making.
تم فتح الصفقة
IMO 100K tonight and magnet is 102K which I calculated back in July. Let's see
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.