BTC looking bullish for next few weeks. It can certainly go and test $62k to $60k region. However, as per my TA, it's already hit the local bottom and need good bounce from here. Taking a swing long for next few weeks from 
65K on the basis of following confirmations.
Confirmations on Daily TF:
- Bull Flag Breakout and Retest
- 0.5 Fib Level Retracement at $64200 region
- Stoch RSI oversold at around 1 region
Trade Setup:
Entry: $65000
TP: $81500
SL: $59999
65K on the basis of following confirmations.Confirmations on Daily TF:
- Bull Flag Breakout and Retest
- 0.5 Fib Level Retracement at $64200 region
- Stoch RSI oversold at around 1 region
Trade Setup:
Entry: $65000
TP: $81500
SL: $59999
Trade closed: stop reached
SL Hit. I I am still bullish for next few weeks. Will reanalyze and post a new chart idea soon.
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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.