2021-02-17 22:43:48
BTCUSDT Above 50.000 USD
Hey guys, it's time to talk bitcoin again.
Currently our bullish position is a success, meeting our objectives until testing 52,400 USD
According to my experience in ascending channels, they are commonly tested and according to the way and the time between each test it can be calculated for how long the channel will continue.
If you have no current position (You did not go long at $ 47,000) a good attempt is to go short near the 52,400 level with a stop loss at least above the 53,000 level.
If you do not like taking risks against the current trend, wait for the confirmation of the break of the bullish channel to go long in the next dip after confirmation (candles above 52,400 on a sustained basis).
If the price holds, our targets are close to $ 60,000 for #bitcoin.
If our pullback expectations are met, we will have 50-47-41 and 37 as targets.
Stay safe, happy trading -sensei
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