Bitcoin / TetherLong
Btc breaking out of bullish rectangle on weekly
We've been watching this bullish rectangle form for over a month
at the same time we just recently had a golden cross over!
the MACD did a fakeout where it looked like a sell was going to ping but i've been warning everybody that it was going to bounce off and reject based off the rest of the market showing a real breakout is coming! We've already started but according to fib ratios we shouldn't expect much resistance until 57 - 75k the bullish rectangle's price target happens to align perfectly in between the 2 fib channels at 65k!
DYOR And Trade Safely!
This is the trade generated below
🔍 *Symbol*: `BTC`
💹 *Signal*: 📈 `Long`
💰 *Market Cap*: `$928,465,538,381.32`
📊 *Current Price*: `47342.747872`
🚫 *Stop-Loss*: `41784.799975`
📈 *Entry Prices*:
🔹 Entry Price 1: `44216.476250`
🔹 Entry Price 2: `44968.647301`
🔹 Entry Price 3: `45576.566370`
🔹 Entry Price 4: `46184.485439`
📉 *Exit Prices*:
🔸 Exit Price 1: `50120.503816`
🔸 Exit Price 2: `51336.341954`
🔸 Exit Price 3: `53304.351143`
🔸 Exit Price 4: `55272.360331`
at the same time we just recently had a golden cross over!
the MACD did a fakeout where it looked like a sell was going to ping but i've been warning everybody that it was going to bounce off and reject based off the rest of the market showing a real breakout is coming! We've already started but according to fib ratios we shouldn't expect much resistance until 57 - 75k the bullish rectangle's price target happens to align perfectly in between the 2 fib channels at 65k!
DYOR And Trade Safely!
This is the trade generated below
🔍 *Symbol*: `BTC`
💹 *Signal*: 📈 `Long`
💰 *Market Cap*: `$928,465,538,381.32`
📊 *Current Price*: `47342.747872`
🚫 *Stop-Loss*: `41784.799975`
📈 *Entry Prices*:
🔹 Entry Price 1: `44216.476250`
🔹 Entry Price 2: `44968.647301`
🔹 Entry Price 3: `45576.566370`
🔹 Entry Price 4: `46184.485439`
📉 *Exit Prices*:
🔸 Exit Price 1: `50120.503816`
🔸 Exit Price 2: `51336.341954`
🔸 Exit Price 3: `53304.351143`
🔸 Exit Price 4: `55272.360331`
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.
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.