BTC short term long; long term doesn't.
Four hour chart:
BTC breaks out the box high of 20479.43, and the upper target prices are 21376.53, 21653.65, 21930.76 and 22800.00.
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Strategies for breaking out of the box:
(1) The stop loss price is set at the low point of the box at 18131.00, and the take profit price is set at the target price mentioned above.
(2) If you want a higher R/R ratio, the stop loss price can be 19028.10 (0.382 support), and the take profit price is the same as above.
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Daily chart:
BTC is still consolidating in the support range of 19155.86~23123.20, and has not yet broken out the downtrend line.
You can pay attention to the upper resistance price:
22800.00 (target price of the four-hour box)
23123.20
25214.57
If BTC breaks out 25214.57 and the downtrend line, it can be confirmed that the daily chart has turned bullish. Therefore, if BTC does not successfully break out the resistance price in the future, there is still a chance to test around 19000.00 again.
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BTC breaks out the box high of 20479.43, and the upper target prices are 21376.53, 21653.65, 21930.76 and 22800.00.
-
Strategies for breaking out of the box:
(1) The stop loss price is set at the low point of the box at 18131.00, and the take profit price is set at the target price mentioned above.
(2) If you want a higher R/R ratio, the stop loss price can be 19028.10 (0.382 support), and the take profit price is the same as above.
-
Daily chart:
BTC is still consolidating in the support range of 19155.86~23123.20, and has not yet broken out the downtrend line.
You can pay attention to the upper resistance price:
22800.00 (target price of the four-hour box)
23123.20
25214.57
If BTC breaks out 25214.57 and the downtrend line, it can be confirmed that the daily chart has turned bullish. Therefore, if BTC does not successfully break out the resistance price in the future, there is still a chance to test around 19000.00 again.
-
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