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Bitcoin
Long

BTC rally ahead

183
Even-though BTC seems to have overbought in daily and other small timeframes it has a breakout from the descending small triangle from 3K region and moving towards ceiling of the descending triangle from the 6K region. The conjunction of the resistances 200 MA, 88.6 Fib and descending triangle ceiling will provide a strong resistance and a tough nut to crack for BTC. Potential upside profit 20 to 25%. Stop loss 4100. This is a 6:1 profit/loss trade.
veerakumarnice
FibonacciMoving AveragesTrend Analysis

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.
FibonacciMoving AveragesTrend Analysis
veerakumarnice

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.