BYBIT:BTCUSD
12H trend chart
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BTC just broke out the descending wedge in 12H, but this signal can only be confirmed after the closure of 12H candle.
If it does, It means the direction has changed, but will be hard to pump immediately due to resistance area is over there.
Therefore, better scenario is that BTC starts consolidating between resistance and support area marked in the chart to accumulate enough volume.
Further, keep going up.
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Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
-
Let's see where BTC can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
12H trend chart
-
BTC just broke out the descending wedge in 12H, but this signal can only be confirmed after the closure of 12H candle.
If it does, It means the direction has changed, but will be hard to pump immediately due to resistance area is over there.
Therefore, better scenario is that BTC starts consolidating between resistance and support area marked in the chart to accumulate enough volume.
Further, keep going up.
-
Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
-
Let's see where BTC can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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💡Sign up through link
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