There are two possibilities for bitcoin .
First is (118,000 - 119,400) area which is in it right now.
If price breaks this zone next step would be (115,800 - 117,200).
The reason that I have little doubt about the first area is that price has been reached near it once and had a re act. So it has less chance for another rise.
First is (118,000 - 119,400) area which is in it right now.
If price breaks this zone next step would be (115,800 - 117,200).
The reason that I have little doubt about the first area is that price has been reached near it once and had a re act. So it has less chance for another rise.
Trade active
First Target has touched (risk to reward : 1-1)Next target would be 121,700
That was a nice demand zone...!
Trade closed: target reached
Second target touched perfectly.Next stop would be 123,000 $
Note
All Targets Done...
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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.