>BTC is forming a falling wedge pattern on the 4 hour timeframe and after the breakout it can start upward trend.
>with a support at 37k and retest entry point near 37.8k, having a target of 44k with trailing stoploss it's providing a great risk to reward ratio.
>also the rsi is following a pennant pattern, perfectly correlating with the chart.
>with a support at 37k and retest entry point near 37.8k, having a target of 44k with trailing stoploss it's providing a great risk to reward ratio.
>also the rsi is following a pennant pattern, perfectly correlating with the chart.
Comment:
The final tp for this trade is @ 42.2k as stated in the chart and sorry for the 44k typo