If support at 49.6 holds, uptrend to red resistance box at 55-56k (price target double bottom). Then retest of important resistance and 0.618 fib and crash to support box. This cause of the fed speech on wednesday, positiv fundings and and high RSI.
After consolidation around the green support box crash to 40k or to the moon??? What do you think?
BINANCE:BTCUSDT
COINBASE:BTCUSD COINBASE:BTCUSD Bitcoin chart shows us a bullflag with higher highs/lows
Trade option could be:
Entry: 55,3k cause of much resistance and volume
TK: 63,8k -near at ATH
SL: 50,4k -resistance and support
Risk/reward: 1.73
If the price will hit 58k take SL at 56,9
Opinions to this trade suggestion?
(drawings/suppor tzones in the chart are not useful)
