Confluences:
-Price broke previous ATH with strong momentum from the Tesla news
-Price broke countertrend line
-Bullish price strucutre
-I will wait for the 38.2 fib retracement above the 40k support line
Take profit: -61.8 extension (aligns with 60k)
Stop loss: under the 61.8 extension
Overall good risk-reward
-Price broke previous ATH with strong momentum from the Tesla news
-Price broke countertrend line
-Bullish price strucutre
-I will wait for the 38.2 fib retracement above the 40k support line
Take profit: -61.8 extension (aligns with 60k)
Stop loss: under the 61.8 extension
Overall good risk-reward
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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.