BTC/USD Long Trade Idea

19 Mar 2022

Long Idea for BTCUSD

After Breaking the trendline of November 2021 to Jan 2022, Momentum dryed up and went in to consolidation creating range inside a triangle with strong Fibonacci Support near 34000 to 31700 zone. Trading below 200 EMA.
Good entry would be break of triangle and close above 200ema with initial targets around 51000s which is also 50% retracement level of previous down trend.

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