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Technical analysis by stingotho about Symbol BTC: Buy recommendation (3/26/2025)

https://sahmeto.com/message/3375482
stingotho
stingotho
Rank: 27567

My BTC long idea 26/03/2025

Buy
Price at Publish Time:
$87,265.88
Profit Target:
(+2.05%)$89,051.47
Stop Loss Price:
(-2.39%)$85,177.48
Buy،Technical،stingotho

This is linked to my NAS idea where the market is slowly shifting to a Risk-on environment. I see a nice potential for a bullish BTC price action shift. We may have found the bottom for the new bull run. Technical observation:1. We recently formed a cup and handle.2. A visible head and shoulder on the cup and handle. 3. Exit on the bearish trend channel with the formation of a new bullish trend channel.4. 50% fib level looks promising.

Source Message: TradingView
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