Bitcoin Trade - 04/09/2021

Hello everyone

We have made a long entry on the neckline of the double bottom pattern at 49636.40, aiming at the -0.272 fibonacci (52417.31)

The target coincides with the resistance of the bullish channel.

Another possible entry is when the price breaks and retests the 50592 area.

Trader Dark Eyes


BUY BITCOIN:

ENTRY PRICE: 49636.40

TAKE PROFIT: 52417.31

STOP LOSS: 49021.38

Risk / Reward: 4.52


Information about the chart:

White line: TF 1D

Yellow Line: TF 12H

Gray Line: TF 4H

Blue arrow: Possible projection

Horizontal white line: Supports and resistance

Red line: Channels

Comment:

Previous analysis with explanation of the setup

Comment:

BTCUSD + 1.62 %

Comment:

BTCUSD + 2.50 %

Comment:

BTCUSD + 4 %

Trade closed: target reached:

BTCUSD TAKE PROFIT + 5.63%