BTC/USD 1st leg to NEW YEARS LONG TARGET INITIATED!!Hi Seildev here
Today we’re looking at BTC/USD pair.
Right now it’s at 15825 and we can see some key elements:
- Breakout of downward wedge
- Respected horizontal zone 13075 has been respected (full body stays above discounting the wick)
- Full body candle close above 50 and 100 day EMA
- 1 Hour chart current bull flag forming for another leg up
- RSI divergence bullish
If we see full body candle close above 15288 then we are heading for another bullish leg taking us to our initial target 1 of 19617 and target 2 of 23019.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
