BTCUSDT 4H long setup; C-Fork swing setup for Bitcoin
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TA explained C-Fork long setup for BTC. Price made a huge drop two weeks ago after which a bounce happened followed by some consolidation. First trendline was broken and after that a higher low was created.
Second top was created which serves as the connection point for the fork line of the C-Fork. After the rejection a new higher low was formed followed by a breakout of the trendline. Now the C-Fork structure is completed. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target.
Trade setup Best entries: 36000 - 37180 TP1: 43361 TP2: 46984 TP3: 51855 SL: 32551 RR: 4.54 Max leverage: 2x
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Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)