BTC has recently given a breakout and has hit my trailing stop loss.
My short position was open a couple of months ago from 60k but the main question now is: "Is it a new bull rally & a road to new ATH ?"
Well, It is still early to predict that Bitcoin is going to make a new all-time high but one thing is clear, The market structure and price cycle was changed and it's ready to make a new swing high from here and we will try to grab this opportunity.
I have used the Harmonic XABCD pattern to calculate the targets and our entry is based on the price action. Please do your own study and follow the below levels
Bitcoin Long above 41000 Stop loss : 36,600 Target: 48,500/56,300/60,000 Short to Mid Term Holding