📜🗝📜✍️ They call this a descending trap, but the four-hour chart shows a completely different picture for Bitcoin.
Bitcoin/USD - Buy
Trading plan:
Entry point: 67741.358887 - 68041.241113
Stop loss: 66991.653324
First target: 68790.946676
Second target: 69090.828902
Third target: 69690.593353
Why this plan?
The daily trend is down, but the four-hour chart indicates a buying opportunity. The Relative Strength Index (15 minutes) at 43 shows room for an increase before reaching the overbought area. The entry area is tight (67.7K - 68.0K), targeting a bounce towards the first target at 68.8K.
Discussion:
Is this a real reversal on the four-hour chart or just a temporary bounce before further decline?
Click here to trade 👇️
$BTC
#CPIWatch #BTC #Target🚫 #TARDING
Bitcoin/USD - Buy
Trading plan:
Entry point: 67741.358887 - 68041.241113
Stop loss: 66991.653324
First target: 68790.946676
Second target: 69090.828902
Third target: 69690.593353
Why this plan?
The daily trend is down, but the four-hour chart indicates a buying opportunity. The Relative Strength Index (15 minutes) at 43 shows room for an increase before reaching the overbought area. The entry area is tight (67.7K - 68.0K), targeting a bounce towards the first target at 68.8K.
Discussion:
Is this a real reversal on the four-hour chart or just a temporary bounce before further decline?
Click here to trade 👇️
$BTC
#CPIWatch #BTC #Target🚫 #TARDING