Bitcoin: Bullish Setup with 16 000$ Target
Let's pump Bitcoin!
We can see that the price is forming a triangle chart pattern with the key resistance at 16000$. We can use a reversal signal from the uptrend line and open a long position. Stop orders must be placed below the local swing low and the trend line. The main profit target should be at the resistance. Risk per trade must be no more than 5-10% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We can see that the price is forming a triangle chart pattern with the key resistance at 16000$. We can use a reversal signal from the uptrend line and open a long position. Stop orders must be placed below the local swing low and the trend line. The main profit target should be at the resistance. Risk per trade must be no more than 5-10% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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