BTC BACK TO 46k
Updated
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Everything is going as expected, for now we still need more downside, however, on the shorter time frame we have the bullish scenario presented below:
BTC rejected 40k forming a falling wedge on the daily time frame (in red), now we broke above the trend line in cyan (low time frame) and we expect from there a retest and continuation to the upside (possible inverted head and shoulders), our targets are:
44k
45k
45.5k
Our last target would be our 46.5k daily resistance area in blue, however, if we reach there and break above it with a confirmation from the falling wedge, then we can continue even further to the upside.
On the short term, watch for the 44k resistance level.
We'll update you then.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
🔹
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
🔹
...................................................................................................................................................................................
Everything is going as expected, for now we still need more downside, however, on the shorter time frame we have the bullish scenario presented below:
BTC rejected 40k forming a falling wedge on the daily time frame (in red), now we broke above the trend line in cyan (low time frame) and we expect from there a retest and continuation to the upside (possible inverted head and shoulders), our targets are:
44k
45k
45.5k
Our last target would be our 46.5k daily resistance area in blue, however, if we reach there and break above it with a confirmation from the falling wedge, then we can continue even further to the upside.
On the short term, watch for the 44k resistance level.
We'll update you then.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
Trade closed: target reached
First two targets reached
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