$BYBIT:BTCUSD
On June 18th, 2022, BTC temporarily finished dumping and reversed into an uptrend. This is shown as since that date, BTC has been creating a higher low higher high pattern. Currently, I am expecting BTC to retest the 21.5-22.5k range in order to try and fill the FVG that can be seen on the 4h chart. I believe BTC will find support within this range especially because the 38.2% fib retracement level is within that price range. After this, BTC will create a new higher low and continue in its uptrend pattern past 25k. BTC price action has the potential to trade up to 28k in order to fill the FVG that was formed during the prior dump
Long entry: 22130
1st TP: 25000
2nd TP:26200
SL:20775
On June 18th, 2022, BTC temporarily finished dumping and reversed into an uptrend. This is shown as since that date, BTC has been creating a higher low higher high pattern. Currently, I am expecting BTC to retest the 21.5-22.5k range in order to try and fill the FVG that can be seen on the 4h chart. I believe BTC will find support within this range especially because the 38.2% fib retracement level is within that price range. After this, BTC will create a new higher low and continue in its uptrend pattern past 25k. BTC price action has the potential to trade up to 28k in order to fill the FVG that was formed during the prior dump
Long entry: 22130
1st TP: 25000
2nd TP:26200
SL:20775
Note
btc hit 25k earlier today 👍
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.