There is a nice trade setup developing right now that I am watching very closely.

If we can get an hourly close above resistance, a few green candles are expected to reach 38k.

Ngl, this is a dangerous one, because we might see a retest of the red line $35300, once we are above it. But with a another daily resistance at 39k (-> risk to reward 1:5), this is a trade that I will take if there is a decent break-out.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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