It’s approximately 4:20 AM EST…….Bitcoin has completed 10% retrace as needed, showing some strong support above $41,000. The 20 EMA + 50 EMA are almost crossing paths now on daily timeframe, although the 100 EMA and Ichimoku cloud will need more volume and momentum.
The fact that these Bear Traps are setting up just like the previous time is beautiful. Below are my trade parameters.
ORANGE LINE: ENTRY PRICE BLUE FLAG: CANDLE ENTRY LOCATION PURPLE LINE: STOP LOSS RED LINE: RESISTANCE ZONE CYAN LINE: SUPPORT ZONE GREEN ZONE: SUPER SUPPORT ZONE
Lower Limit : $40501 Stop Loss: $40500 Upper Limit: $52000 Take Profit: $52001 Grids: 46 (trades every $250 move up or down on BTC) Profit per grid: 0.5%-0.75%
*Not a Financial Advisor* Use technical Analysis and do your own research. I am only taking this trade based on technical factors not emotions or impulse. If you traders are seeing this same reversal trend about to happen and bullish run for 47K —> 50K —> 60K like this post!
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