BTC1! (Bitcoin Futures) - Bullish Double Bottom at Support - 4HR
BTC1! (Bitcoin CME Futures) has double-bottomed above $39,500 trendline support (4-hour chart).
If support prices hold, Bitcoin could rally over time to resistance prices above.
Entry (long): $40,165
Profit Target +7% (exit): $42,915
Stop Loss -3.5% (exit): $38,640
Utilize stop loss, position sizing, risk management.
Note: Crypto market has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally.
All content is Not financial advice. Trade at your own risk.
If support prices hold, Bitcoin could rally over time to resistance prices above.
Entry (long): $40,165
Profit Target +7% (exit): $42,915
Stop Loss -3.5% (exit): $38,640
Utilize stop loss, position sizing, risk management.
Note: Crypto market has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally.
All content is Not financial advice. Trade at your own risk.
코멘트:
04/13/2022: If Bitcoin Price falls and holds below $39500, this chart setup would be nullified.
Follow Me on TradingView, Youtube, and X!
Social Media links are in my profile.
Boost, comment, cheer, and share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, cheer, and share to support.
All posts are not financial advice.