Bitcoin Trade - 04/09/2021
Updated
Hello everyone
We have made a long entry on the neckline of the double bottom pattern at 49636.40, aiming at the -0.272 fibonacci (52417.31)
The target coincides with the resistance of the bullish channel.
Another possible entry is when the price breaks and retests the 50592 area.
Trader Dark Eyes
BUY BITCOIN:
ENTRY PRICE: 49636.40
TAKE PROFIT: 52417.31
STOP LOSS: 49021.38
Risk / Reward: 4.52
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels
We have made a long entry on the neckline of the double bottom pattern at 49636.40, aiming at the -0.272 fibonacci (52417.31)
The target coincides with the resistance of the bullish channel.
Another possible entry is when the price breaks and retests the 50592 area.
Trader Dark Eyes
BUY BITCOIN:
ENTRY PRICE: 49636.40
TAKE PROFIT: 52417.31
STOP LOSS: 49021.38
Risk / Reward: 4.52
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels
Note
Previous analysis with explanation of the setup
Note
BTCUSD + 1.62 %
Note
BTCUSD + 2.50 %
Note
BTCUSD + 4 %
Trade closed: target reached
BTCUSD TAKE PROFIT + 5.63%
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