so i am not so good in teaching yk but will do my best!
if we take our 1week tf, we can see that BTC has broken its resistance fro m 2021/2024
now what can we expect from it?
well litteraly the same as it always does> it will most likely bounce back to this res using it as strong support, not to forget the weekly fvg laying exactly at that support.
but what should our targets be?
that is a great question, BTC will either repeat the same percentage as the previous weekly fvg made that would be 120% or it will create a new channel of 4 years making new (small) ATH
short:
entry: now
target: 73k
profit:24%
Long:
entry:75k
Target: 112k
Possible target: 160k
profit: 49% - 115%
if we take our 1week tf, we can see that BTC has broken its resistance fro m 2021/2024
now what can we expect from it?
well litteraly the same as it always does> it will most likely bounce back to this res using it as strong support, not to forget the weekly fvg laying exactly at that support.
but what should our targets be?
that is a great question, BTC will either repeat the same percentage as the previous weekly fvg made that would be 120% or it will create a new channel of 4 years making new (small) ATH
short:
entry: now
target: 73k
profit:24%
Long:
entry:75k
Target: 112k
Possible target: 160k
profit: 49% - 115%
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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.