BTC/USD Long Trade Idea

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

DynastyCapital

Long Idea for BITSTAMP:BTCUSD

After Breaking the trendline of November 2021 to Jan 2022, Momentum dryed up and went in to consolidation creating range inside a triangle with strong Fibonacci Support near 34000 to 31700 zone. Trading below 200 EMA .
Good entry would be break of triangle and close above 200ema with initial targets around 51000s which is also 50% retracement level of previous down trend.

Happy Weekend !!!

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