Bitcoin is currently breaking out to the upside which could lead us back to 48k aligning with prior support and a retracement to 0.62 FIB. MACD is diverging from Signal line and RSI has a lot of upside potential as well. This is rejected if we recognize a false break-out.
If you trade this idea, I'd set it up like this.
Entry: 38.6k
SL: 36,7k
TP1: 44k
TP2: 47k
-> Risk/Reward 4.1
This is no trading advice.
Good luck.
If you trade this idea, I'd set it up like this.
Entry: 38.6k
SL: 36,7k
TP1: 44k
TP2: 47k
-> Risk/Reward 4.1
This is no trading advice.
Good luck.
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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.