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Bitcoin Setup & Levels
Bitcoin / TetherUS
Long
Bitcoin Setup & Levels
By RyuzakiTrader
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Updated
Dec 22, 2019
1
2
Dec 22, 2019
BTC / USDT 4h
Current setup what I see
Falling wedge
+TR - bullish trend reversal on the 1h & 4h
Bulls need to hold the $7050 & $6850 levels
Bullish if breakout $7300 area trendline & 0.618 fib
Dec 22, 2019
Trade active
Update
Up 4% since broke out trendline & 0.618 fib resistance
Next resistance ahead Rk3 (red cloud) & the RyLvl reversal level shown on chart $7717
Good for bulls if they can manage to break out those levelx next & hold 0.618 fib
Jan 7, 2020
Trade active
Update
Broke out trendline
Broke out RyuLvl
TP1 +12.9% reached
Jan 20, 2020
Trade active
Update
Setup aged well. Reached TP3 +29%
Bitcoin (Cryptocurrency)
BTC
Chart Patterns
crypto
Technical Indicators
trend
Trend Analysis
RyuzakiTrader
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