Introduction Hello trading-view! I will be doing another bitcoin analysis today, and I'm thinking if there is a breakout from that upper trend line and resistance, there could a pretty substantial rise coming up. ============================================================================================== Technical analysis/trade information There is a symmetrical triangle pattern that Bitcoin appears to be breaking out of. This opens up lots of opportunities for long entries, with the best one somewhere around 39,000$. My two targets are 42,000$ and 48,200$, and my stop-loss is about 36,450$.
Target 1: 7.84% Stop-loss: 6.50% RR: 1.21 Target 2: 23.73% Stop-loss: 6.50% RR: 3.65 Pattern: Symmetrical triangle Why bullish: looks to be breaking out to the upside. ============================================================================================== Final thoughts Hopefully the trade turns out good and we all make some money on bitcoin. Let's see what happens. Good luck and great trading everyone!
*not financial advice
トレード稼働中
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BTCUSD has broken out of the symmetrical triangle and is heading towards 42,000$. The trade is underway. Let's see what happens.
トレード稼働中
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Target 1: reached. We still have target 2, so I will close the trade once/if it is hit.
トレード終了: 利益確定目標に到達
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All targets have been reached! Bitcoin is now at 48,000$.