After the breakthrough of the downward channel, the price movement has been reversing potentially forming a bull flag. This would be great news for BTC as it would be followed by another major pump. I doubt, that it will already be enough to break the 41k-42k resistance are, but we might at least get into the 42k area. A potential entry point would be at the previous breakthrough point of the downward channel at around 36'000.
Possible Trade Set Up:
Entry Point: 36'000-37'500
TP: 50% - 41'000 / 50% HODL
Stop Loss: Tight at around 36'800
As always, do your own research and wait for the pattern to confirm.
Happy trading! 🙌
Possible Trade Set Up:
Entry Point: 36'000-37'500
TP: 50% - 41'000 / 50% HODL
Stop Loss: Tight at around 36'800
As always, do your own research and wait for the pattern to confirm.
Happy trading! 🙌