TA 1. HS forming on the daily. In the next few days, if we go and retest the 6200-6300 $ levels and find support (which we have a good chance to) BTC is going to form a HS pattern which if respected could get us to the next big level of resistance @ 7100$ ( 50 EMA ) and then to 7600$. 2. RSI needs to cool off for a few more days to have room for another leg up 3. RSI diverging on the daily 4. Support on the 21 EMA
FA 1. Coinbase Custody is a big deal 2. We are closer and closer to an approved ETF 3. Sentiment shifted a notch, if we have another big leg up, that will be confirmation for the more conservative.
Cheers!
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My entries:
Open at: 6770$ Target: 7600$ Stoploss: 6590$
risk 180 $ to make 1000$ per BTC, good RR
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HS in play, we should find support betweem 6000-6400 $
Trade active
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Position opened at 6480 USD Target: 7600 USD Stoploss: 6250 USD