$btc has tried to break above the 37.3k support to turn it to resistance and failed to flip it 3times.
Btc currently trying to form a CnH formation and so I expect consolidation for a while before the next break out down or up.
It may try a rest of the support and if we can flip the support into resistance then our next target would be the $40k-41k region which I expect hard rejection from.
An aggressive but risky trade set up is on the chart. Note, it is a risky trade so don’t stake too much
Tp at the blue and yellow lines
Final Tp at 29.5k
SL 1ATR above resistance
A less risky trade would be to wait for consolidation and breakout.
I for one i’m engaging on the risky trade.
Follow for more trade analysis and like if this helped you
Btc currently trying to form a CnH formation and so I expect consolidation for a while before the next break out down or up.
It may try a rest of the support and if we can flip the support into resistance then our next target would be the $40k-41k region which I expect hard rejection from.
An aggressive but risky trade set up is on the chart. Note, it is a risky trade so don’t stake too much
Tp at the blue and yellow lines
Final Tp at 29.5k
SL 1ATR above resistance
A less risky trade would be to wait for consolidation and breakout.
I for one i’m engaging on the risky trade.
Follow for more trade analysis and like if this helped you
