Bitcoin Nearing Profit Target!!
Bitcoin is at 51K!! It is just under 2K away from our next target of 52.8K! This should easily be achieved by the end of this week. We are seeing struggling channel pattern, however, so we may see a retracement, at least to the lower bound of the channel which should put us somewhere around 47.3K. There is very strong support at 45.6K. After that, there is a vacuum zone down to 41.9K, which Bitcoin is not likely to test but we should be aware of it anyway.
Trade closed: target reached
Aaaaand TARGET REACHED!! That was quick!!
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Join my discord at discord.io/quantguy
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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.