The Green Trendline (MUT) Represent the Major Bullish Trend
On the Daily Chart we can notice the Descanding Triangle which caused a Secondary down move
The Potential move for this pattern is to reach the area between 5900-6100.
im looking for a failure of the Sellers in that area, which will give us an signal to accumilate BTC before the next rally.
In that case, my first target for profit is 9329.
Any Major movment below the MUT (the green line) will cancel any positive forecast.
https://www.youtube.com/watch?v=9HmYAUOUrqA&feature=youtu.be
Good luck!
On the Daily Chart we can notice the Descanding Triangle which caused a Secondary down move
The Potential move for this pattern is to reach the area between 5900-6100.
im looking for a failure of the Sellers in that area, which will give us an signal to accumilate BTC before the next rally.
In that case, my first target for profit is 9329.
Any Major movment below the MUT (the green line) will cancel any positive forecast.
https://www.youtube.com/watch?v=9HmYAUOUrqA&feature=youtu.be
Good luck!
Trade closed: target reached
Target Reached.
Looking for continuation of the buliish trend.
Another trader can be taken after 9329 will serve as support.
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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.
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.