Upcoming BTC Long Entry Point
1. If the triangle pattern continues like this, we will most likely see this happening.
2. The other secenario would be just consolidating here and eventually breaking through the 42k+ area.
So the entry at 32.161$ would be a great time to go for a long, in both scenarios. 🚀
Drastically (+3.5%) falling below my long entry is very unlikely.
Like if you agree 👍 Else I would be happy about constructive feedback; so let me know in the comments
2. The other secenario would be just consolidating here and eventually breaking through the 42k+ area.
So the entry at 32.161$ would be a great time to go for a long, in both scenarios. 🚀
Drastically (+3.5%) falling below my long entry is very unlikely.
Like if you agree 👍 Else I would be happy about constructive feedback; so let me know in the comments
Trade active
These little fakeouts we see, do not matter at all. Until we break 42k, this pattern is still entirely valid.Note
Might still happen, just a ltitle delayed.Trade closed: stop reached
Reached 31-32k area on 8th June and had a huge bounce back up to 38k. Came much later then expected, but it did. 🎉
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.