BTC - train to $80k is about to depart
Updated
As previously discussed, BTC successfully holding 50k is a good sign, and the lil pull-back today is likely the dip we want to buy.
1. Double Ichimoku signals a clearly bullish trend: price above Kumo, Tenkan above Kijun, lagging span above price-line.
2. Price is testing the red resistance zone and still looks good so far. If we dont face any strong rejection till today's daily close, I think we pump fast.
3. Bot flashed "Long" on yesterday's daily close.
At this very level, BTC shall either pumps hard or gets rejected mercilessly. One who wants to short can short now with stop-loss above ATH. To me, BTC seems to form an accumulation-below-resistance pattern as it usually does at important resistance levels, which later more likely opts to break out hard through the resistance. Trading setup is clearly illustrated on chart:
Entry: here
Stoploss: 54.2k
Target 1: 68k
Target 2:
82K
I think we will know the result very soon.
1. Double Ichimoku signals a clearly bullish trend: price above Kumo, Tenkan above Kijun, lagging span above price-line.
2. Price is testing the red resistance zone and still looks good so far. If we dont face any strong rejection till today's daily close, I think we pump fast.
3. Bot flashed "Long" on yesterday's daily close.
At this very level, BTC shall either pumps hard or gets rejected mercilessly. One who wants to short can short now with stop-loss above ATH. To me, BTC seems to form an accumulation-below-resistance pattern as it usually does at important resistance levels, which later more likely opts to break out hard through the resistance. Trading setup is clearly illustrated on chart:
Entry: here
Stoploss: 54.2k
Target 1: 68k
Target 2:
82KI think we will know the result very soon.
Note
PS: On the chart is the normal Ichimoku, not the double one :D. But in short, both are flashing bullish.
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