"A trader may initiate a long position in Bitcoin with a 15-minute time frame, as the price action is forming an ascending triangle pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of 23200$ and a protective stop loss set at the recent swing low of 22710$. The potential reward to risk ratio is 11.
Trade Setup
Pattern : Ascending Triangle Pattern
Time Frame : 15 Mins
Entry BOS Region : 22750$
Target : 23200$
Stop Loss : 22710 $
Risk Reward : 11
Trade Setup
Pattern : Ascending Triangle Pattern
Time Frame : 15 Mins
Entry BOS Region : 22750$
Target : 23200$
Stop Loss : 22710 $
Risk Reward : 11
Note
Trade ActivatedTrade closed: target reached
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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.