BTCUSDT 30 Descending Channel (70% chance of breaking to upside)
(First published idea)
Just waiting for the breakout.
Had 8 good touches on the trendlines.
RSI is positive.
Looking for good volume.
Target is only $100.
Possible buy-in around 11695.
If there’s a bounce (retest) around 11626 (yellow) can buy more at or near that price.
Depends where you buy, current Stop-Loss around 11579 (red).
That’s 1% below 11695 giving a risk reward ratio of only 1.8.
First take profits maybe 11744 (green).
There is resistance at 11793 (orange) and second take-profits.
If she keeps going up, there is more resistance at 11900 (orange) for final profit-taking.
My feeling is that it will be a weak breakout, but I wanted to publish anyway, as it’s my first public TA.
So tell me what I’ve missed but go easy on me please!
Just waiting for the breakout.
Had 8 good touches on the trendlines.
RSI is positive.
Looking for good volume.
Target is only $100.
Possible buy-in around 11695.
If there’s a bounce (retest) around 11626 (yellow) can buy more at or near that price.
Depends where you buy, current Stop-Loss around 11579 (red).
That’s 1% below 11695 giving a risk reward ratio of only 1.8.
First take profits maybe 11744 (green).
There is resistance at 11793 (orange) and second take-profits.
If she keeps going up, there is more resistance at 11900 (orange) for final profit-taking.
My feeling is that it will be a weak breakout, but I wanted to publish anyway, as it’s my first public TA.
So tell me what I’ve missed but go easy on me please!