Hi friends, Sharing daily chart of BTC as you can see that it gives a breakout from it's strong resistance of 28000 levels, so untill price is trading and sustaining above this resistance there will be a possibility that it will touch the above targets shared on chart
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Typographical error- Typed LH on chart Instead of HL so rectifying that by this update, Regret for it friendsNote
Marked a closing basis resistance in this update mates as we can see that after a breakout shared of parallel channel price taking a resistance from a failed breakout price area of closing basis but today's bullish move after breakout indicating that it will manage to close above that closing based resistance and will move forward toward targetsNote
Resistance above close update-: Yestreday closed above resistance mentioned in update above, and after going good towards target as mentioned in update above too, reached 29400 levels from 28200 levels.Trailing stop loss update-: Now after this good gaining i am booking my 50% gains for rest positions i will Trail my stop loss on cost now and will wait for the targets.
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Target Update-:Reached to target one of 30060 from 28200 levels friends, Now remaining 25% position booked more here at this point and now only carrying remaining 25% position after taking 50% gains earlier check update above. For remaining position now i will trail my stop loss to cost price and will sit tight for the target 2 friends. This publication worked awesome for me Cheers !!
Taking resistance from resistance based target sharing smaller time frame chart-:
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Price taking hazardous resistance from resistance based target one mates and getting rejections regularly from there of day closing above basis, Fresh momemtum we can see above day close of this resistance based target oneNote
31200+ from 28200 levels near very close to final target i think in today's session it will complete the final target. sustaining very well above resistance based target one mates. Awesome worked for me till here excellent gains.Trade closed: target reached
All targets complete friends, it worked awesome for me with super gains. Thanks for supporting idea, Cheers !!
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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.