Hello all,
Couple of weeks ago the bitcoin has cracked below the very strong long term support.
Also, right now the price is at the very strong long term structural support and possibly the (blue) support line of the rising wedge pattern.
Thus there are good chances to trade bitcoin in a long setup up to 72,000 USD. This price is on the crossroads of the resistance line of the rising wedge and the long term support/resistance line.
I am planning my entry as follows:
Good luck!
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Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)
Couple of weeks ago the bitcoin has cracked below the very strong long term support.
Also, right now the price is at the very strong long term structural support and possibly the (blue) support line of the rising wedge pattern.
Thus there are good chances to trade bitcoin in a long setup up to 72,000 USD. This price is on the crossroads of the resistance line of the rising wedge and the long term support/resistance line.
I am planning my entry as follows:
- Entry around 40,000 USD
- SL around 39,000 USD
- 2nd TP around 72,000 USD
- 1st TP and scale-in around 52,000 USD
Good luck!
Please, like & subscribe if you liked this idea!
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)