Bitcoin's Massive Momentum & Race To Weekly Cup Breakout
https://www.tradingview.com/x/tlBAdStk/
73,000 or thereabouts is the breakout level of the weekly cup and handle which started forming way back in 2022.
Now price is inside the last 10% to this neckline breakout point, and if this week, so far is any type of gauge, then its expected to get to this level of around 73,000 easily in under a week, or how about by this Friday.
* Trading is risky. For cryptocurrency educational purposes.
73,000 or thereabouts is the breakout level of the weekly cup and handle which started forming way back in 2022.
Now price is inside the last 10% to this neckline breakout point, and if this week, so far is any type of gauge, then its expected to get to this level of around 73,000 easily in under a week, or how about by this Friday.
* Trading is risky. For cryptocurrency educational purposes.
Trade active
A trade idea for Bitcoin BTCUSD (Longer term)
Buy BTCUSD at current price 66,330 up to 68,000 for a longer term purchase.
Stop Loss is 59,800. A level that is under the 200EMA Daily.
TP > 100,000. Partial from 85,000.
Trade active
Supportive of idea , follow chart with price recently making a 38.2% Fib retracement pullback.
Trade active
Momentum technicals are aligned, for example MACD is bullishly crossing up on Signal-line on the 1HR timeframe and there is the same alignment coming from 2HR, 4HR, Daily and Weekly, Monthly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.