The currency pair is gradually grinding higher.
At this moment, the $45 - $46 support level is serving at a strong swing point for a bullish channel formation.
Likewise, the trendline break is resonating with the symbolic appearance of a descending triangle.
In a few hours /days, buyers should be filling the BTCUSD blank cheque with lots of buying orders.
For a day trader, opting for a 1:2 RRR (the risk-reward ratio) would really help in bagging some $$ from the market uptick.
Such a decision implies that a trade risk of $40, $400, $4000 can yield a reward of $80, $800, and $8000 respectively.
N.B: A correction is likely around $51000 value area ( rationale: support turn resistance)
Sentiment: Bullish
Decision : Opt for a buy order now or limit order at @ 48000. TP 1 : $51K TP 2 : 55,500 USD
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.