BitcoinPanjang
BTCUSD Breakout
Technical Reasons:
1. Breakout of main correction trend line.
2. There is a bullish divergence with the RSI.
3. Correction has bounced off the 0.618 fibs.
Risk Management
1. A close below 8124 would invalidate this bullish setup.
2. Target 1 would be 8663. Target 2 would be 9112.
3. Risk reward for target 1 would be 1.9.
*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).
May the Huat come to us.
1. Breakout of main correction trend line.
2. There is a bullish divergence with the RSI.
3. Correction has bounced off the 0.618 fibs.
Risk Management
1. A close below 8124 would invalidate this bullish setup.
2. Target 1 would be 8663. Target 2 would be 9112.
3. Risk reward for target 1 would be 1.9.
*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).
May the Huat come to us.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.