Bitcoin / TetherUSLargo
BTC trade
I am expecting an third touch of the rising channel which has been traded very respectfully.
Trade should be near ~ 37.3k - 37.8k.
Confluence for this trade:
- Bottom of the channel also a comfirmed 3 touch trendline
- Weekly, daily untapped.
- .786 Fibonacci (34.3k to 48.3k)
- .786 Fibonacci fan (low 33k to high 48.3k)
- .2618 Fibonacci extention.
- Fibonacci time.
- The value area low of the big range.
- 2 perfect pitchforks lining up on all the confluence.
This all is enough for me for an amazing trade.
Stoploss below key level at 36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k.
TP1: ~ 39.6K and moving stoploss to breakeven.
TP2: ~ 43K
TP3: ~ 45k.
Trade should be near ~ 37.3k - 37.8k.
Confluence for this trade:
- Bottom of the channel also a comfirmed 3 touch trendline
- Weekly, daily untapped.
- .786 Fibonacci (34.3k to 48.3k)
- .786 Fibonacci fan (low 33k to high 48.3k)
- .2618 Fibonacci extention.
- Fibonacci time.
- The value area low of the big range.
- 2 perfect pitchforks lining up on all the confluence.
This all is enough for me for an amazing trade.
Stoploss below key level at 36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k.
TP1: ~ 39.6K and moving stoploss to breakeven.
TP2: ~ 43K
TP3: ~ 45k.
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