Btc channels are presented here which this idea relies on. Since btc is doing higher lows nowadays, I do not expect any lower level then the lowest low. Long position here can be profitable until 42.8k. If broken, 45-46k is expected.
btc is moving along a channel for a while. This will be 3rd rejection from the top. Invalid if breakout happens and 43.1k fib level broken.
TP1: 41.25
TP2: 40.5
IF 40.5 wont hold then 38.2 is possible.
