Like it to start :) As shown in the chart : Potential long opportunity with provided Targets and dynamic SL based on what your entry is . Things might be invalidated if BTC decides to tank. Therefore Stop Loss is the key .
As shown in chart, everything is valid until BTC decides to retrace . Keeping the 1hr TF because BTC might retrace affecting the altcoins as well. hope it touches the targets soon. I will update the thead as it goes.
We already have trended down significantly for a couple of days now. Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA. Long entry on Bitmex (XBTUSD) : 3270-3380 Target 1 : 3700-3800 Target 2 :4100-4200 Target 3 optional : 200 MA on 4 hr timeframe
LONG : 4600-4700 TARGET 1 : 5800 (TAKE PROFIT 60%) TARGET 2 : 6400 (TAKE PROFIT 40%) Just observe the chart for pictorial representation .
A regular reversal pattern in play . Just obseve the chart for better explaination . Buy - 598 to 613 sats Target 1 - 655 sats Target 2- 708 sats Target 3 - depends on BTC price action/volatility Stop loss - 582 sats Always play safe.
Just observe the chart for pictorial representation. Buy - 393-400 sats SL1 - 382 SL2 - 378 Sell - Once Stoch RSI touches 90 or above