Hi!
I’m tracking two distinct scenarios for Bitcoin right now as it sits around $61,358 inside this massive descending channel.
The first scenario is the potential double bottom forming. If the price pushes up and officially breaks the neckline around $67,004, I am looking to trigger a long position. The main target for this move will be the upper resistance line of the channel, sitting right around $73,597.
The second scenario is the bearish continuation. If this bounce fails and the price drops back down below the dashed "Hunted" support area, the bears are going to take full control.
In that case, it opens up a clean short play with an ultimate target down at $53,023.
Just staying patient here to see which level triggers first.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
I’m tracking two distinct scenarios for Bitcoin right now as it sits around $61,358 inside this massive descending channel.
The first scenario is the potential double bottom forming. If the price pushes up and officially breaks the neckline around $67,004, I am looking to trigger a long position. The main target for this move will be the upper resistance line of the channel, sitting right around $73,597.
The second scenario is the bearish continuation. If this bounce fails and the price drops back down below the dashed "Hunted" support area, the bears are going to take full control.
In that case, it opens up a clean short play with an ultimate target down at $53,023.
Just staying patient here to see which level triggers first.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.