BTC1! (Bitcoin Futures) - Bullish Double Bottom at Support - 4HR

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BTC1! (Bitcoin CME Futures) has double-bottomed above $39,500 trendline support (4-hour chart).

If support prices hold, Bitcoin could rally over time to resistance prices above.

Entry (long): $40,165
Profit Target +7% (exit): $42,915
Stop Loss -3.5% (exit): $38,640


Utilize stop loss, position sizing, risk management.

Note: Crypto market has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally.


All content is Not financial advice. Trade at your own risk.
コメント
04/13/2022: If Bitcoin Price falls and holds below $39500, this chart setup would be nullified.
Bitcoin (Cryptocurrency)Bitcoin FuturesBTCUSDBTCUSDTCandlestick AnalysisCryptocurrencyfuturesnasdaqoptions-strategyStocksSupport and ResistanceTrend Lines
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