🔥Bitcoin BREAKOUT Alert:
After months of range-bound trading, BTC has now become an ideal swing trade setup for a...
Huge breakout above key resistance with a +43% swing trade profit target...
With a 4 to 1 reward-risk ratio.👍
Trade setup details in this thread
BTC has been in a sideways range between 18,500 and 25,000 for the past 4 months.
But now, Bitcoin is revving up for a MASSIVE BREAKOUT above resistance of its downtrend line from the June 2022 high (see chart).
This is a big deal because...
There are 3 key reasons why BTC may be ready for a massive breakout:
1. Biggest volume week in history last week (accumulation near the lows)
2. Triple bottom support has formed at 18-18,500 over the past few months
3. Increasing relative strength to the stock market recently
Don't jump the gun.
BTC must first break out above its downtrend line (on higher volume) before buying.
It also must break out above its 50-day MA, which
neatly converges with the downtrend line.
This daily chart shows the proper BTC buy trigger and stop level for the setup
If BTC triggers for buy entry above 20,300 area, then it could see a +43% gain...
Up to next major resistance around 29,000 (see chart).
A stop can be placed below the Oct. 2 low of 18,900 (always use protection).
Our EXACT buy trigger and stop prices for this BTC swing trade setup are available to paid subscribers of Morpheus Crypto.
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