In this analysis I want to take a look at the bullish channel that BTC has been trading in for around 3 weeks. The bottom support and top resistance are perfectly matchin price action, so my guess is that a lot of traders are looking at this set-up.
I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly suggesting a reversal.
To minimize potential losses we keep a tight stop. Target at the top resistance. When doing this we can create a decent trade with a good R/R ratio as seen on the chart.
I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly suggesting a reversal.
To minimize potential losses we keep a tight stop. Target at the top resistance. When doing this we can create a decent trade with a good R/R ratio as seen on the chart.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.