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UnknownUnicorn13756681
Feb 12, 2021 10:09 AM

BTC likely to reach $55k next Long

Bitcoin / United States DollarCoinbase

Description

The chart tells it all:
1. Ichimoku is still signaling upside.
2. RSI is still strong.
3. Price has made higher high structure & seems likely are retesting the old resistance zone.

Setup for Long idea:
Entry price: ~47.3k
Stoploss/hedging: 43.8k
Soft target: aiming 55k (and 61k next
)

Comments
FlowersFor
and
4.bearish divergence
UnknownUnicorn13756681
@FlowersFor
Hi pal,
Bearish divergence shows the weakening momentum but does not necessarily indicate a trend reversal.
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