Bitcoin forming this bullish chartist pattern called bullish channel flag. This bullish pattern it's a bull continuation that there's bought entry in zones.
Now, I look in H4 timeframe that there's a candlestick in process to be ending in 1 hour approximately. So, if we closed up with bullish signal, Bitcoin in the next hours could to continue climbing to my objective: $65,392 USD.
So, this it;s my details how I will entry in this long position:
1. Trade Position: Long
2. Entry Price Order: $60,523 USD (Pending Order)
3. Target Profit: $65,392 USD
4. Stop Loss: $58,027 USD
5. Risk/Benefit: 2/4
Now, I make analysis in H1 timeframe to analyze better in short term, and also, I took some practice in H1 timeframe that I believe that I'm preparing to trade Bitcoin or any cryptocurrency in H1 timeframe. But, I want to choose some traders that I like to trade in H1 timeframe. And they're Bitcoin and Ethereum. Why? Because I choose these cryptocurrencies as I take as main cryptocurrencies to trade as I want to envolving in others financial markets very soon to trade together with cryptocurencies. I thinking that not just we can to trade cryptocurrencies, but we could to choose some pars of others financial markets like Forex, commodities, stocks market and many others financial market. But in yes, I follow cryptocurrencies like investment for aways making technical analysis always in Cardano, Chainlink, XRP, Litecoin, and much anothers cryptocurrencies. But, I just want to choose Bitcoin and Ethereum the only cryptocurrencies to trade more togethers with others financial markets. Now, the rest of cryptocurrencies I will make always technical analysis very enfocous for investment in short, medium and long term, including Bitcoin and Ethereum.
I hope that will support you!!!
Now, I look in H4 timeframe that there's a candlestick in process to be ending in 1 hour approximately. So, if we closed up with bullish signal, Bitcoin in the next hours could to continue climbing to my objective: $65,392 USD.
So, this it;s my details how I will entry in this long position:
1. Trade Position: Long
2. Entry Price Order: $60,523 USD (Pending Order)
3. Target Profit: $65,392 USD
4. Stop Loss: $58,027 USD
5. Risk/Benefit: 2/4
Now, I make analysis in H1 timeframe to analyze better in short term, and also, I took some practice in H1 timeframe that I believe that I'm preparing to trade Bitcoin or any cryptocurrency in H1 timeframe. But, I want to choose some traders that I like to trade in H1 timeframe. And they're Bitcoin and Ethereum. Why? Because I choose these cryptocurrencies as I take as main cryptocurrencies to trade as I want to envolving in others financial markets very soon to trade together with cryptocurencies. I thinking that not just we can to trade cryptocurrencies, but we could to choose some pars of others financial markets like Forex, commodities, stocks market and many others financial market. But in yes, I follow cryptocurrencies like investment for aways making technical analysis always in Cardano, Chainlink, XRP, Litecoin, and much anothers cryptocurrencies. But, I just want to choose Bitcoin and Ethereum the only cryptocurrencies to trade more togethers with others financial markets. Now, the rest of cryptocurrencies I will make always technical analysis very enfocous for investment in short, medium and long term, including Bitcoin and Ethereum.
I hope that will support you!!!
Trade closed: target reached:
We earn 8% in this trade.
Very good long entry!!!
Very good long entry!!!
