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subtlepapi

BTCUSDT - Trend reversal from $24k to fib retracement $29k

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
subtlepapi Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators trend trendtrading reversal reversalpattern breakouttrading breakout Technical Analysis technical Trend Line Break
6
0
trendanalysis chartpattern indicator trend trendtrading reversal reversalpattern breakouttrading breakout technicalanalysis technical trendlinebreak
Technical Analysis
  • Weekly oversold (shown by low RSI and Williams %R )
  • Price attempting out above $24k and entering the pocket between 10EMA and 20EMA on the weekly chart for a potential retracement to £29k (weekly 20EMA/ 0.236 fib level)

Price Target
  • Entry $24k
  • Target 1: $26.5k
  • Target 2: $29k
Trade active
Comment:
Move Stop Loss to £22,250 for a maximum loss of 7.35%. Target 1 is still $26.5 for +10%.

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