BTC in triangle and cornered - 6.6k or 8.6k
Dear TradingViewers,
Here is an update on BTC, we can see that's BTC is getting more and more pressed between long term support lines and the bear trends.
We are at decision point, whether it goes testing one last time the resistance of the long term descending triangle in the apex zone and up breakout
OR
we go for a retest of the long term support at 6.6k by a down breakout of the triangle.
We provided 3 trade setups that we will follow in case of resistance up breakout. Stop loss are always readjusted after price movement in the chosen direction of the trade, in our case a long setup.
In case of uptrend scenario with the $7,200 support:
- Trade 1 --> TP $8,600
- Trade 2 --> TP $9,900
- Trade 3 --> TP $11,500
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Here is an update on BTC, we can see that's BTC is getting more and more pressed between long term support lines and the bear trends.
We are at decision point, whether it goes testing one last time the resistance of the long term descending triangle in the apex zone and up breakout
OR
we go for a retest of the long term support at 6.6k by a down breakout of the triangle.
We provided 3 trade setups that we will follow in case of resistance up breakout. Stop loss are always readjusted after price movement in the chosen direction of the trade, in our case a long setup.
In case of uptrend scenario with the $7,200 support:
- Trade 1 --> TP $8,600
- Trade 2 --> TP $9,900
- Trade 3 --> TP $11,500
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
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