Will BTC retest the 85k breakout and continue to fall ?
BTC seems to retest the breakout zone of triangle pattern, for me this looks a high probability setup. Good risk to reward ratio potential in this trade.
I will enter this trade only if I see a good bearish engulfing pattern indicating reversal from the breakout area of 85k. ( on 1HR TF )
This will signal a successful retest and continuation towards 75k as my target.
This is my idea according to my analysis and not a trading advice, Please DYOR before taking any trade.
I will enter this trade only if I see a good bearish engulfing pattern indicating reversal from the breakout area of 85k. ( on 1HR TF )
This will signal a successful retest and continuation towards 75k as my target.
This is my idea according to my analysis and not a trading advice, Please DYOR before taking any trade.
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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.