Bitcoin is in an upward trend in the weekly time frame and we have a powerful extension that we should be a good pullback for this. According to the intersection of the upward trend line and the 38.2 Fibonacci retracement level, it can be assumed that the pullback will fall almost to the price of $58,000 and we should wait for a good return point in this range....
Considering that the currency trend is downward in the 4H time frame and is at a good level that also crosses the trading node, we can enter in the 15M time frame due to the decrease in momentum after the LWP is broken and with the limit Let's have a loss of 1% risk to reward 3. TP1 is equal to the loss limit.
Considering that the currency trend is downward in the 4H time frame and is at a good level that also crosses the trading node, we can enter in the 15M time frame due to the decrease in momentum after the LWP is broken and with the limit Let's have a loss of 1% risk to reward 3. TP1 is equal to the loss limit.
Due to the decrease in momentum, you can enter the trade after the LWP is broken, and considering the loss limit of 1%, you can expect a risk to reward of 3.
