BTC/USDT - Very good reasoning - 30%+ Potential

Hello! I've seen a lot of charts here but I didn't see lot zoomed out charts, on a day candles you can easily see that there is no big downtrend on bitcoin, to be honest it's in consolidation since it's all-time high, which pulledback a 50% strong pullback which is healthy and normal for every crypto, as you can see from the RSI it was a lot of times oversold but stil didn't go through the support zone, very amazing support zone which will be potentially touched for 3rd time and rebouncing afterwards for new ath.


I am putin a realistical long target which is 17k ~ area resulting a 30%+ return and a risk/reward ratio of around 3 which is enough for me to open this trade.

I've written the buy zone on my chart, but I personally think that with the listing tomorrow of Japan exchange it may not reach the buy-are, so I can say that buyzone can be comfortable from anywhere between 14-15k range. You can clearly see an inverted H&S pattern finishing. I am waiting for inverting of the MACD and RSI to confirm the breakout upwards. I think this is an easy trade, compared to the volatility of alts lately. I would advise to convert in BTC very soon. Alt party is over.

BUY-IN - 13000 - 15 000
TP1 : - 17k~ area
TP2: - 18.5k - are
TP3: - new ATH

Trade at your own risk.
Good luck!

Zlecenie zamknięto ręcznie:

I;ve made a mistake not seing the MA;s crossing signalising the reverse trend