BTC/USDT - LONG
Mid-therm
BTC has broken up the formed price wedge marked with white lines.
Descending triangles can only mean two things:
1. It represents the extension of the bear market, and possibly a dump;
2. Reversal if time-frame high (Like in this case)
That's why I am bullish now and I expect that correction in the upcoming 3-4 days.
At least I want to see that bounce from support hit 8650$ resistance.
I drew a triangle on the chart with white lines.
Leverage up to 20x.
Entry 1: 8535$ (now on the blue line)
Entry 2: 8479$ (if you want, green line)
Stop Loss: 8312$ (pink line)
Target 1: 8795$ (TPs are marked red and they are also up, mid and low line of the previous parallel channel )
Target 2: 9064$
Target 3: 9404$
Enjoy Analysis!
Mid-therm
BTC has broken up the formed price wedge marked with white lines.
Descending triangles can only mean two things:
1. It represents the extension of the bear market, and possibly a dump;
2. Reversal if time-frame high (Like in this case)
That's why I am bullish now and I expect that correction in the upcoming 3-4 days.
At least I want to see that bounce from support hit 8650$ resistance.
I drew a triangle on the chart with white lines.
Leverage up to 20x.
Entry 1: 8535$ (now on the blue line)
Entry 2: 8479$ (if you want, green line)
Stop Loss: 8312$ (pink line)
Target 1: 8795$ (TPs are marked red and they are also up, mid and low line of the previous parallel channel )
Target 2: 9064$
Target 3: 9404$
Enjoy Analysis!
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.