Chart Idea - BTC BULL FLAG

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BTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA 53K. It can touch 52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here.

BTC Swing Long Setup

Entry: 53K
SL: 50.2K
TP1: 67K
TP2: 72K
TP3: 102K

Trade should hit all TPs in next 3 months unless SL hit.

9 thg 7

Ghi chú

Trade is active.

10 thg 7

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Trade is working beautifully. If anyone opened a leverage position as per this analysis, I would suggest to keep booking profits in parts. Danger is not over until we close the daily candle above 64K with volume.

15 thg 7

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Beautifully bounced from 53K zone. Upward momentum would be confirmed only if 2 daily candles close above 64K. Amazing trade so far!!!

NOT A FINANCIAL ADVICE !! DO YOUR OWN RESEARCH.

19 thg 7

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This chart is beauty. Just hit the TP1

22 thg 7

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And we are off to the races. Needs monthly closing above ATH in next 10 days. If we do, all the that waiting since Nov 2022 will be worth it for sure. Parabolic rally in the making.

22 thg 11

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IMO 100K tonight and magnet is 102K which I calculated back in July. Let's see