Bitcoin Analysis - 04/06/2022
Updated
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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