TimurWang

BTC to 52-53k? Santa is coming earlier this year. 1 hour TF

Long
TimurWang Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
***It's not financial advice***
Trading is all about to lose money. Trade the amount of money that you can afford to lose.


Important points:
1. FIB levels are playing like support and resistance levels. (FROM THE ATH TO THE ATL OF THIS CYCLE).
2. We are still in downtrend channel's upper line. BTC is looking through to breakout that level.
3. BTC broke out of falling wedge pattern and made higher high close. Everything is similar to textbook pattern.
4. It's staying strong at 48.3-48.8 small price range.
5. DOJI TIME :D
6. BTC has retraced from 49.3k with above average volume. But not that big volume.
7. Winrate is higher.


MAKE YOUR OWN HOMEWORKS! DON'T RUSH INTO TRADES BLINDLY! YOU'RE RESPONSIBLE FOR YOUR OWN ACTION. SO MAKE MORE QUALIFIED AND MORE CERTAIN ACTIONS.

THANKS FOR YOUR ATTENTION.
Comment:
CONFIRMATION FOR ENTRY POINTS ARE:
1 OPTION: 1H CANDLE CLOSE ABOVE 49.3 (MOMENTUM CANDLE). WINRATE IS HIGHER.
2 OPTION: AGGRESSIVE TRADERS CAN ENTER AT 48.3-48.5 WITH TIGHT SL.
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