Current price for BTC is just brushing and rejecting the long term trend line. We expect a BTC breakout either upwards or downwards in the next 48 hours. Upwards targeting $4600 and downwards targeting $3650.
If BTC has a candle close above 4150 we can enter with a stoploss at 3950, targeting 4600/5000. If BTC breaks down past $3900 we will look at entries around $3600, confirmed with a strong reversal indicator. Expect the alt coin market to become especially volatile at this time.
Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!
If BTC has a candle close above 4150 we can enter with a stoploss at 3950, targeting 4600/5000. If BTC breaks down past $3900 we will look at entries around $3600, confirmed with a strong reversal indicator. Expect the alt coin market to become especially volatile at this time.
Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!
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.
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.