BTCUSD 1st breakout target hit
The 1st profit target for my previous post has been hit. This is a great place to take partial profits, if you entered that trade with me.
If BTC is to continue higher to the next targets (noted in purple), price will need to hold above the GREEN line I've marked.
This is a diagonal channel breakout, however, it does NOT guarantee a continuation back to the highs. I will continue to update this trade weekly. Either of these projected moves will take a few weeks to play out.
If BTC is to continue higher to the next targets (noted in purple), price will need to hold above the GREEN line I've marked.
This is a diagonal channel breakout, however, it does NOT guarantee a continuation back to the highs. I will continue to update this trade weekly. Either of these projected moves will take a few weeks to play out.
Related publications
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.