BTCUSD Trading Idea!!!!

Hi guys,

Its been a long journey all the way from 6175 till where we are today. Price did breakout from my channel yesterday September 21st, and we expect today to be for retracement and possible re-test on the channel top trendline and price continue its rally to test out our other targets.

We expect a re-test on 6550-6625 zone, and this zone will be good for pulling a long trigger with tight stop loss.

The reason for tight stop loss is because, price may tend to pull straight down to test the bottom side of the channel again around 6275-6300$, as we are not sure of what whales game is?

Immediate target for long trade remain 6900$ and if this level breakup we may see 7300-7400$.

Here is one of our previous call that show case the whole move nicely with possible wave pattern included.

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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TRade continuation, we may have little drop to test out 6590-6535$ before we have uptrend continuation, moreover, price may decided to go up from here.

Immediate target remain 69XX and we can also see 74XX$ depending on market volatility.

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This is what we expect on BTC short term

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BTC forming possible pole and flag on 4hrs timeframe.

Our target still remain 6900$ and above.

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Pole and Flag formation failed as price break down and re-test the other side of the previous bullish channel.

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#XBTUSD

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Trade continuation

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