XBTUSD.P
As you can see, the correction has been completely and bullish price action has re-appeared. There has been massive whale accumulation for the past couple weeks and we've formed a good looking Cup & Handle, also an INVERSE HEAD AND SHOULDERS, which gives us a realistic target of 16300. But, as all of you know, bitcoin isn't realistic. I'm expecting massive FOMO to return and more media attention to drive the price to $40k - $50k. Just in time for summer. Buy zone: 10,700 - 11,500
Stop loss: 9,280
Target 1: $16,300
Target 2: $25,000
Target 3: $40,000 - $50,000
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Trade closed manually:
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Check this scenario, I think it is more probable.
Check this scenario, I think it is more probable.
