BTC To test 5k

Bullish patterns start to emerge:

- Deformed IHS (weak pattern)
- Ascending triangle
- Hidden bullish divergence (long timeframe)
- MACD Momentum turning
- Ascending channel
- Double bottom / Adam & Eve formation

This will be the large relif rally people have been waiting for.

I bough dip from my last chart at 3.9k.
I plan to sell:
50% of my position at TP1.
25% TP2
10% TP3

Remaining 15% will be held until i see weakness,
Stop loss will be at TP3 - If we push beyond that.

Trade active

The amount of people selling and shorting at 5k range will be the trigger for a test to 3k.
That's my view right now.

Good luck

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A visualization

Trade active

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Looks like another test on the rising support is under way.

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Could be a supply test before a large rise. In this case we can expect the ascending support to get broken. Most likely we will retrace the whole leg that took us above 4k again. My SL should be safe though. For me its a break even stoppage if it gets triggered.

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Trade closed: stop reached

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Got closed out on my adjusted stop loss so i have some profit .
Looks like BTC is heading deeper south!

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ethhunter

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ethhunter