Btc breaking out of bullish rectangle on weekly
We've been watching this bullish rectangle form for over a month
at the same time we just recently had a golden cross over!
the MACD did a fakeout where it looked like a sell was going to ping but i've been warning everybody that it was going to bounce off and reject based off the rest of the market showing a real breakout is coming! We've already started but according to fib ratios we shouldn't expect much resistance until 57 - 75k the bullish rectangle's price target happens to align perfectly in between the 2 fib channels at 65k!
DYOR And Trade Safely!
This is the trade generated below
🔍 *Symbol*: `BTC`
💹 *Signal*: 📈 `Long`
💰 *Market Cap*: `$928,465,538,381.32`
📊 *Current Price*: `47342.747872`
🚫 *Stop-Loss*: `41784.799975`
📈 *Entry Prices*:
🔹 Entry Price 1: `44216.476250`
🔹 Entry Price 2: `44968.647301`
🔹 Entry Price 3: `45576.566370`
🔹 Entry Price 4: `46184.485439`
📉 *Exit Prices*:
🔸 Exit Price 1: `50120.503816`
🔸 Exit Price 2: `51336.341954`
🔸 Exit Price 3: `53304.351143`
🔸 Exit Price 4: `55272.360331`
at the same time we just recently had a golden cross over!
the MACD did a fakeout where it looked like a sell was going to ping but i've been warning everybody that it was going to bounce off and reject based off the rest of the market showing a real breakout is coming! We've already started but according to fib ratios we shouldn't expect much resistance until 57 - 75k the bullish rectangle's price target happens to align perfectly in between the 2 fib channels at 65k!
DYOR And Trade Safely!
This is the trade generated below
🔍 *Symbol*: `BTC`
💹 *Signal*: 📈 `Long`
💰 *Market Cap*: `$928,465,538,381.32`
📊 *Current Price*: `47342.747872`
🚫 *Stop-Loss*: `41784.799975`
📈 *Entry Prices*:
🔹 Entry Price 1: `44216.476250`
🔹 Entry Price 2: `44968.647301`
🔹 Entry Price 3: `45576.566370`
🔹 Entry Price 4: `46184.485439`
📉 *Exit Prices*:
🔸 Exit Price 1: `50120.503816`
🔸 Exit Price 2: `51336.341954`
🔸 Exit Price 3: `53304.351143`
🔸 Exit Price 4: `55272.360331`
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