20/5 - BTCUSDT - MID LONG TERM
So we can see BTC has broken out the VCP in previous day but it rapidly recovered and back to the VCP and the BEAR Flag Range.
In Short to Mid Term, I am definitely sure that BTC shall break out the VCP reaching higher.
I am not 100% ensure the Bear Market is over since the Bear Flag is still valid right now.
BUT, it is a good chance to open a long position right here for the VCP breakout and small TF Bull Flag ABCD pattern
Position: Long (Long Term or Mid Term)
at 30k - 30.2k
CL: 29.8k
TP:
1/ 31.4k (Previous High)
2/ 32.1 - 32.6K (Previous High & Bear Flag Top)
3/ Breakout and Long Term Bullish Run
I Think we may reach 27k again, but not in May. will see.
In Short to Mid Term, I am definitely sure that BTC shall break out the VCP reaching higher.
I am not 100% ensure the Bear Market is over since the Bear Flag is still valid right now.
BUT, it is a good chance to open a long position right here for the VCP breakout and small TF Bull Flag ABCD pattern
Position: Long (Long Term or Mid Term)
at 30k - 30.2k
CL: 29.8k
TP:
1/ 31.4k (Previous High)
2/ 32.1 - 32.6K (Previous High & Bear Flag Top)
3/ Breakout and Long Term Bullish Run
I Think we may reach 27k again, but not in May. will see.
Uwaga
Considering close the trade and short instead.Cl: 30.7k
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