TR7z

BTC Swingtrade PART III on the way to new ATH ?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hy traders!

Happy start of the weekend!


If you're new in the game, check out my previous analysis .. BTC Swingtade bulls defend 50k and BTC Swingtrade Part II bulls attack !!

Just a correction or on the way to new ATH!
As we can see, the channel in the bearish rising wedge works perfectly and we reached our target to the point.

For a new long entry we waiting for a HH in LTF ore for a 0,5 - 0.618 fib retracemant ( 61100 area )

My SL is below the 0.786 retracemant at 60600 usd.

Trade carefully and have stop loss for sure .
Past performance is not indicative of future results .


if you have any question feel free and comment !

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Dyor and trade save !

previous Ta


Comment: No good sign IMO 4h bearish engulfing and no reaction on 0.618 in LTF.i m waiting
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Comment: strong bearish pressur
It is important to always wait for confirmation before entering into a trade.
If you are not a scalper, do not catch falling knives, you will cut yourself.

I'm slowly starting to think about whether a bigger correction is pending. At least we will need longer until we reach new ATH, latest at the rising wedge support we should bounce ...... check this out
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Comment: Gan chart worcks
Comment: Binannce suspends its service at 2 am, due to maintenance work for at least 2 hours.
Comment: https://alternative.me/crypto/fear-and-g...

Retail trader overall bullish
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