downanduptrend
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since Nov 19, 2021
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Pretty clear trade, broke out of the trend line, can sell now or on 185.000, stop loss and TP levels as stated on chart, remember to apply your own risk preference.
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My idea is that BTCUSD can try can make a rise to 26508, then it can drop to either around 25411-500 again or 24960 and possibly lower. If it goes beyond 26508, it has to break 27261-300, then go all the way to 28230, and possibly higher. Thank you.
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If price hits 1.618 fibo first (light green line, 1780-81) try to find a sell entry near or on 1. fibo (yellow line, 1795-96) , stop loss 1811 If it doesnt, try to find a sell entry near or on 0.5 - 0.618 fibo (1804-1807), stop loss 1822 Both conditions TP around 2.618 fibo (dark green line, 1756-1757)
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