#BTC Long Setup ➖ Symmetrical Triangle
guys you know i goes based on the Chart Information and the Chart can Change fast.
in this Case we see BTC creating the Symmetrical Triangle and it breaks out.
2 Scenarios can be happen now:
Scenario 1:
we have seen very often that at the first breakout often trades to its fake breakout. this does not always have to be the case as we can assume that BTC has a breakout and has just made a successful retest of the trendline.
Scenario 2:
If BTC breaks out from here and after this successful breakout with a retest, we will soon see a new ALL TIME HIGH.
My targets are based on the Fibonacci levels where I have also given you a Psychological Short AREA.
📈 Entry NOW: 69662
🛑 SL: 68100
🎯 Target 1: 72264.3
🎯 Target 2: 75616.3
🎯 Target 3: 81051.9
🎯 Target 4: 86623.4
Cheers
guys you know i goes based on the Chart Information and the Chart can Change fast.
in this Case we see BTC creating the Symmetrical Triangle and it breaks out.
2 Scenarios can be happen now:
Scenario 1:
we have seen very often that at the first breakout often trades to its fake breakout. this does not always have to be the case as we can assume that BTC has a breakout and has just made a successful retest of the trendline.
Scenario 2:
If BTC breaks out from here and after this successful breakout with a retest, we will soon see a new ALL TIME HIGH.
My targets are based on the Fibonacci levels where I have also given you a Psychological Short AREA.
📈 Entry NOW: 69662
🛑 SL: 68100
🎯 Target 1: 72264.3
🎯 Target 2: 75616.3
🎯 Target 3: 81051.9
🎯 Target 4: 86623.4
Cheers
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