iJRyan

BTC Possible Long Target Area

BINANCE:BTCUSDT   Bitcoin / TetherUS
3 Yellow circles indicate the points of interaction with the red channel that has been alternating support/resistance and was also the "heart" of the large triangle, this could provide some resistance on the way up. The same area also happens to be the 1.618-1.75 extension of possible wave 1. With the target of the possible H&S(indicated by the yellow dashed line) we have a ~.6% area of possible resistance
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.