BTCUSDT4H trend chart
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BTC is forming a potential double bottom on 4H.
Resistance will be 38769, pattern will complete once price break out it.
If BTC can take out the resistance, trading strategy as below.
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Profit Targets:
a) 39661~40221.5----Fib(1.272~1.382)
b) 40795----Fib(1.618)
c) 42047.5----Fib(2)
Stop losses:
a) 36632----Red horizontal ray
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🌔Signal channel: t.me/tradingdiary_cat
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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.