BTCUSDT4H trend chart
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Key Resistance for BTC
1) 39000-----Tops of triangle(mentioned in last post)
2) Long-term downtrend line from ATH
BTC is approaching to them now.
These two resistance can be combined as a key level, needed to be overcame for BTC to go back to bullish path.
If it can break out the resistance, trading strategy as below.
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Profit Targets:
a) 39661~40221.5----Fib(1.272~1.382)
b) 40795----Fib(1.618)
c) 42047.5----Fib(2)
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🌔Signal channel: t.me/tradingdiary_cat
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→Join Teaching Group for free!(PM me)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.