Bitcoin Analysis – 04/06/2022

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

ImThour

Hey Everyone,

In today’s Bitcoin Idea, I believe we are in an ascending triangle which a chart pattern for continuation of the trend.
Bitcoin is going to retest the Resistance Trendline and then we can start the trade.

Entry: Retest on Resistance Trendline (45,787)
Stop Loss: 50,090
Target 1: 41,781
Target 2: 38,092
Target 3: 35,064

Risk Reward Ratio: 2.5

Let’s see how this goes.

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