The price created beautiful ranges that you can observe on 4h timeframe.
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
Trade active
Entry for long 1 reached.Note
Take profit 1 reachedNote
BTC retested resistance as a support. If support holds, we will see a short-term trend continuation to the upside. Entry for long 2 is not valid anymore in this trade.We recommend playing this trade with a trailing stop loss.
Not a financial advice.
Trade active
BTC moving towards Take profit 2 level. The pattern from the lower timeframe is playing out:
Trade closed: target reached
Take profit 2 reached. Final target may be reached , however we recommend to play it with a trailing stop loss to secure more profit.Trade closed: target reached
All target reached
💥 Free signals and ideas ➡ t.me/vfinvestment
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
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.