BitcoinLong
BTCUSD Breakout
Technical Reasons:
1. Breakout of main correction trend line.
2. There is a bullish divergence with the RSI.
3. Correction has bounced off the 0.618 fibs.
Risk Management
1. A close below 8124 would invalidate this bullish setup.
2. Target 1 would be 8663. Target 2 would be 9112.
3. Risk reward for target 1 would be 1.9.
*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).
May the Huat come to us.
1. Breakout of main correction trend line.
2. There is a bullish divergence with the RSI.
3. Correction has bounced off the 0.618 fibs.
Risk Management
1. A close below 8124 would invalidate this bullish setup.
2. Target 1 would be 8663. Target 2 would be 9112.
3. Risk reward for target 1 would be 1.9.
*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).
May the Huat come to us.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.