BTC likely to reach $55k next
The chart tells it all:
1. Ichimoku is still signaling upside.
2. RSI is still strong.
3. Price has made higher high structure & seems likely are retesting the old resistance zone.
Setup for Long idea:
Entry price: ~47.3k
Stoploss/hedging: 43.8k
Soft target: aiming 55k (and 61k next)
1. Ichimoku is still signaling upside.
2. RSI is still strong.
3. Price has made higher high structure & seems likely are retesting the old resistance zone.
Setup for Long idea:
Entry price: ~47.3k
Stoploss/hedging: 43.8k
Soft target: aiming 55k (and 61k next)
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.