BTC to break to the upside | target $70k-$75k
A 4hr close outside the trend line for a move to challenge the 67k high and take profit between 70-75k region. Potentially looking into next week
I was waiting for a higher timeframe close (4hr or higher) to give better confirmation that we can take this momentum to the upside.
2hr and 4hr RSI trend line also broken indicating the momentum to the upside.
Also considering yesterdays price action where price wicked below the low of the previous day for but a moment, it seems stops were taken out to move BTC to the upside.
2:1 risk reward seems good here.
Good luck
I was waiting for a higher timeframe close (4hr or higher) to give better confirmation that we can take this momentum to the upside.
2hr and 4hr RSI trend line also broken indicating the momentum to the upside.
Also considering yesterdays price action where price wicked below the low of the previous day for but a moment, it seems stops were taken out to move BTC to the upside.
2:1 risk reward seems good here.
Good luck
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