BTC on track for 47.4k w/overperformance expected.
The nested MM setups are trading nicely, adding some probability for the larger MM to reach the target. Also considering the very clean price behavior confluence of the Correction Channel, we could be seeing overperformance of the Profit Target. Only time will tell...in the meantime, possible entries to enter the trend are as follows.
Nested MM Entry 1 - 36950
Nested MM Entry 2 - 35555
Stop Loss for Nested MM - 34760
Target 1 - 43060
Target 2 - 47440
Target 3 - Trailing Stop
Even if the Nested setups fail, our long term directional bias remains bullish above 26150 which is confluent with the longer term BLX analysis I did on my very first post. (www.tradingview.com/...ugh-the-Profit-Haze/)
Happy Trading!
Remember to manage your risk!
Nested MM Entry 1 - 36950
Nested MM Entry 2 - 35555
Stop Loss for Nested MM - 34760
Target 1 - 43060
Target 2 - 47440
Target 3 - Trailing Stop
Even if the Nested setups fail, our long term directional bias remains bullish above 26150 which is confluent with the longer term BLX analysis I did on my very first post. (www.tradingview.com/...ugh-the-Profit-Haze/)
Happy Trading!
Remember to manage your risk!
