Is it time for a Bitcoin rally?

25 Mei

BTCUSD :

Bitcoin is out of our flag channel but should hold above 67000.
The movement we expect from Bitcoin is to move up to the specified targets.

But we have two scenarios in mind.

1. Shorts position scenario:
If it loses the support range of 67,000, it will move to the price of 65,000
And you can wait for the price to return to 67000 for a sell position down to 63000.


2. Long position scenario:
Consider the flag is completed.
And open your position at this point for buying with a stop loss of 59800
Or to be more sure of the start of the upward trend, we should set our buy stop position at the limit of 72500 and 74000.
For the specified targets:
84
100
110

12 Jun

Nota

The setup is still valid
But :
The Long position has not been activated yet.