CDT break the blue resistance, heading-toward to the red box.
If you are afraid of the unstable of bitcoin, you can play safe and take quick profit at the red box (20% profit). If CDT go through the red box and continues to the blue box. DO NOT FOMO. It just not worth it. The price will meet its resistance at the blue box (0.681 fib) and re-bound to the red line. Then place buy order at the red line.
Buy zone: 1100-1200
Stoploss 1000
TP1: 1324 (not recommended)
TP2: 1509
TP3: 1810
TP4: 2297
If you want to maximize your profit, take profit at TP then re-buy at the support line.
If you are afraid of the unstable of bitcoin, you can play safe and take quick profit at the red box (20% profit). If CDT go through the red box and continues to the blue box. DO NOT FOMO. It just not worth it. The price will meet its resistance at the blue box (0.681 fib) and re-bound to the red line. Then place buy order at the red line.
Buy zone: 1100-1200
Stoploss 1000
TP1: 1324 (not recommended)
TP2: 1509
TP3: 1810
TP4: 2297
If you want to maximize your profit, take profit at TP then re-buy at the support line.
Comment:
Reached target 1. CDT still very bullish. For those who miss the train. Dont fomo now. Wait for the confirmation candle above the resistance then you can place buy order at new support line. Cheer
Comment:
Reached 1493 almost close to target 2 (1509) and fall back to previous resistance and bounce back as planned.
Comment:
I see a head and shoulder pattern. Be careful