BTC is on the brink
Idea: Long
Horizon: 2-3 weeks
Target 1: 27649
Target 2: 28534
Target 3: 29356
Potential of the idea: 5.7%
Stop order: $25595
Technical analysis
The trend for BTC has technically shifted to a downward trend, the decline is happening independently, the US stock market is standing still in a tight corridor. The priority is short positions, but you can take a hedged long with the first area of interest, the stop is not large. The potential for profit is 1 to 2.76 when reaching Target 1. If it breaks out on a sharp impulse, then the trailing zone is marked on the chart and is in the range of 24000-24600.
We advise fixing 50% of the position when reaching Target 1 and moving the stop to breakeven.
Horizon: 2-3 weeks
Target 1: 27649
Target 2: 28534
Target 3: 29356
Potential of the idea: 5.7%
Stop order: $25595
Technical analysis
The trend for BTC has technically shifted to a downward trend, the decline is happening independently, the US stock market is standing still in a tight corridor. The priority is short positions, but you can take a hedged long with the first area of interest, the stop is not large. The potential for profit is 1 to 2.76 when reaching Target 1. If it breaks out on a sharp impulse, then the trailing zone is marked on the chart and is in the range of 24000-24600.
We advise fixing 50% of the position when reaching Target 1 and moving the stop to breakeven.
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.
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.