BTC Outlook for Second Half of August

Short

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)

Updated

BINANCE:BTCUSDT.P Bitcoin / TetherUS PERPETUAL CONTRACT

Trend Analysis

trendanalysis

Price retesting zones and also broken trendline. going up a rising wedge.

Comment:

46000$ next stop

Comment:

Well. unless bitcoin goes above 45600 this is going to play out nicely. Happy Trading.

Take Profit 1 @ 35600
Take Profit 2 @ 30500
Take Profit 3 @ Open.

Shrink your SL/Breakevens down to 46000.

Comment:

Trade Closed. The idea is still Valid. wait for 54k then short.

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