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Fed02

Bitcoin to 60K, a NEW trade setup

Long
Bitcoin (BITSTAMP:BTCUSD)  
Fed02  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Fibonacci Parallel Channel Bitcoin (Cryptocurrency) bitcoinforecast Cryptocurrency crypto cryptosignals bitcoinusd BTCUSD btcusdlong
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supportandresistance fibonacci parallelchannel bitcoin bitcoinforecast cryptocurrency crypto cryptosignals bitcoinusd btcusd btcusdlong
Confluences:
-Price is in a bullish ascending price channel
-Momentum is slowing down so what I expect is a break of the lower channel, a retrace to the start of the channel (around the first Fibonacci level)
-I placed a buy limit there with a very good risk-reward taking bitcoin all the way up to 60k
-Stop loss is under the Fibonacci level and the daily support
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