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subtlepapi

BTCUSDT - Breakout above $24k. Fibonacci retracement to $29k

Long
BITCOIN / TETHER (COINEX:BTCUSDT)  
subtlepapi Updated   
COINEX:BTCUSDT   BITCOIN / TETHER
Chart Patterns Technical Indicators Trend Analysis bitcoinforecast BTCUSD Bitcoin (Cryptocurrency) Technical Analysis Trend Line Break breakout reversalpattern trend indicators
2
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chartpattern indicator trendanalysis bitcoinforecast btcusd bitcoin technicalanalysis trendlinebreak breakout reversalpattern trend indicators
Technical Analysis
  • Weekly oversold (shown by low RSI and Williams %R)
  • Price attempting out above $24k and entering the pocket between 10EMA and 20EMA on the weekly chart for a potential retracement to £29k (weekly 20EMA/ 0.236 fib level)

Price Target
  • Entry $24k
  • Target 1: $26.5k
  • Target 2: $29k
Trade active:
24.1k entry
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