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Crypto4light
Oct 26, 2022 7:29 AM

Bitcoin and green November?  Long

Bitcoin / TetherUSBinance

Description

BINANCE:BTCUSDT
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Bitcoin made retested downtrend line on D1. According to my "Take profit" indicator we bounced at real value price in June. Usually when we touch this line we going to test take profit line on D1 timeframe. Marked this zone on a chart. Also my indicator "Direction" showed signal to buy, so now im waiting Bitcoin around 25-29K in this range and signals to take profit on this both indicators and others.

Possible Targets
➡️After retest trend line and fundamental value line - 25000 - 29000
➡️When we touch take profit line in this ill looking to open local short
➡️Watching on FOMC rate at the beginning November and continuation local uptrend.
In December Ill expect test 20K again

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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.

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Comments
SwallowPremium
It can give us a good profit once the trade activates!!!
Crypto4light
@SwallowPremium, yes!! lets look how we will close weekly candle
f4taL1ty
Very Good
Crypto4light
@f4taL1ty, Thanks
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