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Bitcoin / TetherUS
Long

BTCUSDT - Trend reversal from $24k to fib retracement $29k

By subtlepapi
Updated
Technical Analysis
  • Weekly oversold (shown by low RSI and Williams %R )
  • Price attempting out above 24k and entering the pocket between 10EMA and 20EMA on the weekly chart for a potential retracement to £29k (weekly 20EMA/ 0.236 fib level)


Price Target
  • Entry 24k
  • Target 1: 26.5k
  • Target 2: 29K
Trade active
Note
Move Stop Loss to £22,250 for a maximum loss of 7.35%. Target 1 is still $26.5 for +10%.
breakoutbreakouttradingChart PatternsTechnical IndicatorsreversalreversalpatterntechnicalTechnical AnalysistrendTrend AnalysisTrend Line Breaktrendtrading
subtlepapi
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