BTCUSD Recommedations

The currency pair is gradually grinding higher.

At this moment, the $45 - $46 support level is serving at a strong swing point for a bullish channel formation.
Likewise, the trendline break is resonating with the symbolic appearance of a descending triangle.

In a few hours /days, buyers should be filling the BTCUSD blank cheque with lots of buying orders.

For a day trader, opting for a 1:2 RRR (the risk-reward ratio) would really help in bagging some $$ from the market uptick.

Such a decision implies that a trade risk of $40, $400, $4000 can yield a reward of $80, $800, and $8000 respectively.

N.B: A correction is likely around $51000 value area ( rationale: support turn resistance)

Sentiment: Bullish

Decision : Opt for a buy order now or limit order at @ 48000. TP 1 : 51K TP 2 : 55,500 USD