The price created beautiful ranges that you can observe on 4h timeframe.
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
Currently the price got rejected at $16800 and we´re expecting the price to move down to retest the support at $16120 or even the bottom of the range. If it happens it may be a good entry for a long position.
Entries, Take profit levels and final target for this trade are shown in the chart
Don´t forget to place a stop loss as if we break the support , we may see a sharp move down towards $10 000 -$12 000.
Good luck
Trade active:
Entry for long 1 reached.
Comment:
Take profit 1 reached
Comment:
BTC retested resistance as a support. If support holds, we will see a short-term trend continuation to the upside. Entry for long 2 is not valid anymore in this trade.
We recommend playing this trade with a trailing stop loss.
Not a financial advice.
We recommend playing this trade with a trailing stop loss.
Not a financial advice.
Trade active:
BTC moving towards Take profit 2 level.
The pattern from the lower timeframe is playing out:
The pattern from the lower timeframe is playing out:
Trade closed: target reached:
Take profit 2 reached. Final target may be reached , however we recommend to play it with a trailing stop loss to secure more profit.
Trade closed: target reached:
All target reached
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