Breaking

Morgan Stanley Targets BlackRock With Money Market Fund for Stablecoin Issuers Spot Bitcoin ETFs see 9-day inflow streak as investors show resilience Fold Launches ‘Bitcoin Bonus’ Program for Employers Following Steak ‘n Shake Debut Nakamoto taps Bitwise and Kraken for Bitcoin options strategy to hedge risk

Trading View April 6, 2022

Bitcoin Analysis – 04/06/2022

Bitcoin Analysis - 04/06/2022

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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