I am expecting an third touch of the rising channel which has been traded very respectfully.
Trade should be near ~ $37.3k - $37.8k.
Confluence for this trade:
- Bottom of the channel also a comfirmed 3 touch trendline
- Weekly, daily untapped.
- .786 Fibonacci (34.3k to 48.3k)
- .786 Fibonacci fan (low 33k to high 48.3k)
- .2618 Fibonacci extention.
- Fibonacci time.
- The value area low of the big range.
- 2 perfect pitchforks lining up on all the confluence.
This all is enough for me for an amazing trade.
Stoploss below key level at $36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k.
TP1: ~ 39.6K and moving stoploss to breakeven.
TP2: ~ 43K
TP3: ~ 45k.
Trade should be near ~ $37.3k - $37.8k.
Confluence for this trade:
- Bottom of the channel also a comfirmed 3 touch trendline
- Weekly, daily untapped.
- .786 Fibonacci (34.3k to 48.3k)
- .786 Fibonacci fan (low 33k to high 48.3k)
- .2618 Fibonacci extention.
- Fibonacci time.
- The value area low of the big range.
- 2 perfect pitchforks lining up on all the confluence.
This all is enough for me for an amazing trade.
Stoploss below key level at $36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k.
TP1: ~ 39.6K and moving stoploss to breakeven.
TP2: ~ 43K
TP3: ~ 45k.