BTCUSDT: Slingshot fully stretchedHello traders!
I am expecting a slingshot move from the past few days and it looks like it's fully stretched and traders are ready to make BTC fly.
The lines on the chart are the breakouts and its called A1000x Breakout strategy.
Every trendline starts from the bottom and ends when any candle touches it.
We count breakouts because normally we see 5-11 breakouts and in this type of scenario we will see 7 breakouts and when 7 breakouts are completed we will see an impulsive move.
There is another strategy on the chart which is called the true reversal point strategy. True reversal point is a strategy that is designed to figure out pinpoint accurate reversal point
The supportive true reversal point is at 28586 and i am expecting a reversal exactly from there. Trade can be held till 31880. 31880 is a resistive True reversal point and the market will definitely drop from there.
From 28586 to 31880 is about 11% rise. Hope we will achieve this target within a few days.
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