BTC is on the brink
Idea: Long
Horizon: 2-3 weeks
Target 1: 27649
Target 2: 28534
Target 3: 29356
Potential of the idea: 5.7%
Stop order: $25595
Technical analysis
The trend for BTC has technically shifted to a downward trend, the decline is happening independently, the US stock market is standing still in a tight corridor. The priority is short positions, but you can take a hedged long with the first area of interest, the stop is not large. The potential for profit is 1 to 2.76 when reaching Target 1. If it breaks out on a sharp impulse, then the trailing zone is marked on the chart and is in the range of 24000-24600.
We advise fixing 50% of the position when reaching Target 1 and moving the stop to breakeven.
Horizon: 2-3 weeks
Target 1: 27649
Target 2: 28534
Target 3: 29356
Potential of the idea: 5.7%
Stop order: $25595
Technical analysis
The trend for BTC has technically shifted to a downward trend, the decline is happening independently, the US stock market is standing still in a tight corridor. The priority is short positions, but you can take a hedged long with the first area of interest, the stop is not large. The potential for profit is 1 to 2.76 when reaching Target 1. If it breaks out on a sharp impulse, then the trailing zone is marked on the chart and is in the range of 24000-24600.
We advise fixing 50% of the position when reaching Target 1 and moving the stop to breakeven.
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