BITCOIN, IT DOESN'T GET SIMPLER THAN THIS 🧙‍♂️
Our chart had a lot of confluences (checked the exponential graph fits on the bigger timeframe and tried to extrapolate), but if you use the basics of price action and a simple channel, you can tell right away Bitcoin is heading to 42K$. So what are you waiting for? Oh right, it's all about the entry. Despite the fact that you can never have the most perfect entry you want, the ideal way to go would be an entrance around the bottom trendline of the channel corresponding with another resistance level. Here you go, guys! Had a lot of people asking for this one. We would appreciate your thoughts on it!
Trade closed: target reached
TARGET HIT TO THE TEE, NEW ANALYSIS COMING SOON!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.