It is observed that price is traded within a band (blue channel) forming a pattern known as the bullish flag which is highlighted (green) pole and a trading channel (blue).
This present a massive opportunity as this chart structure indicates a prospective price rise of about 70%.
This also aligns with the other fundamentals like the US elections in November as usually market makers will take position before significant events.
The idea is to buy at the lower troughs of the blue channel while expecting a price break-out to about $88,000
ACTION PLAN
50,560-53,770 -- BUY
50,550 -48,659 --WAIT/ DO NOTHING
BELOW 48,396 --SELL
However, this trade idea gives a risk reward ratio of 8.9.
Goodluck!!
This present a massive opportunity as this chart structure indicates a prospective price rise of about 70%.
This also aligns with the other fundamentals like the US elections in November as usually market makers will take position before significant events.
The idea is to buy at the lower troughs of the blue channel while expecting a price break-out to about $88,000
ACTION PLAN
50,560-53,770 -- BUY
50,550 -48,659 --WAIT/ DO NOTHING
BELOW 48,396 --SELL
However, this trade idea gives a risk reward ratio of 8.9.
Goodluck!!
Сделка активна
BITCOIN UPTREND IS ACTIVE-- TRADE IS ALMOST AT TAKE PROFIT 
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.