Hey Everyone,
In today's Bitcoin Idea, I believe we are in an ascending triangle which a chart pattern for continuation of the trend.
Bitcoin is going to retest the Resistance Trendline and then we can start the trade.
Entry: Retest on Resistance Trendline (45,787)
Stop Loss: 50,090
Target 1: 41,781
Target 2: 38,092
Target 3: 35,064
Risk Reward Ratio: 2.5
Let's see how this goes.
In today's Bitcoin Idea, I believe we are in an ascending triangle which a chart pattern for continuation of the trend.
Bitcoin is going to retest the Resistance Trendline and then we can start the trade.
Entry: Retest on Resistance Trendline (45,787)
Stop Loss: 50,090
Target 1: 41,781
Target 2: 38,092
Target 3: 35,064
Risk Reward Ratio: 2.5
Let's see how this goes.
Note
All targets achieved.
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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.
Related publications
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.