Technical analysis by smwajeeh about Symbol BTC: Buy recommendation (7/10/2024)

BTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA $53K. It can touch 52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here. BTC Swing Long Setup Entry: $53K SL: 50.2K TP1: 67K TP2: 72K TP3: 102K Trade should hit all TPs in next 3 months unless SL hit.Comment: Trade is active.Comment: Trade is working beautifully. If anyone opened a leverage position as per this analysis, I would suggest to keep booking profits in parts. Danger is not over until we close the daily candle above 64K with volume.