weslad

BTCUSDT Buy Opportunity with 50-100% Profit Target

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello guys,

This call is base on the idea of potential Bullish flag and pole formation which is possibly in accordance to the EW idea of last leg up of BTC impulsive cycle.

As we can see on the chart, the flag is well painted with price presently moving in a typical falling wedge which is also bullish in nature.

Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.

Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active: Flag formation still in progress
Trade closed: target reached: First target achieved
Trade active: Flag formation continues

Trade closed: target reached: 2nd target achieved
Trade active:
Trade active
Trade closed: target reached: Immediate target achived
Trade closed: target reached: 4th target achieved
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Comments

I have a very similar view but target is 23k. i give this 2month only to play out. lets see
+4 Reply
weslad Chrismikky
@Chrismikky, hmm, lovely patiently waiting for this
Reply
Nice setup, I think 17 Jul low should not breakdown, if we look to wicks and 2d candles close on 2d chart, 2017 blue uptrend channel resistance/support are still playing nice. same line was working as resistance now turned to be a support!! we got 2d hidden bull div in play.
+3 Reply
weslad Jocoin
@Jocoin, thanks for sharing your view with us
Reply
Good dream
+2 Reply
weslad asdaf06
@asdaf06, indeed
Reply
Great analysis dude!
+1 Reply
ferGOD ferGOD
Reply
Great Analysis, Thank you
I had a similar expectation yesterday.
Do you believe it is manipulated by Whales?
+1 Reply
weslad go8686
@go8686, thanks for sharing your view with us
Reply
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