BTC Long +14.4% potential (TF 2-3 W)
Bitcoin / TetherUS PERPETUAL FUTURES BINANCE:BTCUSDTPERP
At the end of March BTC exited an ascending parallel tunnel and entered a descending one.
A good entry point I see based on the confluence of the imbalance visible on the chart (43k-43.5k), the bullish order block just beneath it, VPVR and the lower side of the channel is at about 43088 USD with an upside of 14.4%..
The exit point (49291) is based on the 1.272 Fib Level on this potential downside move in confluence with the target for the descending channel and the middle line of a weekly ascending parallel channel which started last year in March.
From the looks of it, It will take about 2-3 weeks to get there so let’s see how this goes 🙂
