BTC - clear pennant break-out - 48k incoming?

3 มิ.ย. 2021

Bitcoin is currently breaking out to the upside which could lead us back to 48k aligning with prior support and a retracement to 0.62 FIB. MACD is diverging from Signal line and RSI has a lot of upside potential as well. This is rejected if we recognize a false break-out.

If you trade this idea, I'd set it up like this.

Entry: 38.6k
SL: 36,7k
TP1: 44k
TP2: 47k

-> Risk/Reward 4.1

This is no trading advice.

Good luck.