BTC breaking out

19 feb 2023

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Bitcoin is breaking out of this triangle📐 to the upside so there is chance for run to 26600 and even higher. Just bought at 24869. Breaking out to the downside and reaching the Stoploss level would mean invalidation of the pattern.

• ENTRY: local high @ 24869
  
• STOPLOSS (SL): local low @ 24539
  
• TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 26600
  
• REWARD RISK RATIO (RRR): 5.2
  
• INVALIDATION: when SL level hit
  

This thesis is supported by my other BTC analysis - check down below:

Check my other stuff in related ideas.

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19 feb 2023

Trade chiuso: stop raggiunto

Stoploss hit🛑. False breakout. Let's see if we will get bigger triangle later...