BTC Short-Term view (3HR)
Updated
Hello all! 🦎
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.📈🆗
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points👀.
This is my short analysis based on major trend-lines, fibs, etc..😄↔↗↘
Follow the whales🐳, I am definitely long on BTC⭐
Fundamentals on BTC are still looking pretty strong💪, despite inflation being up 14%.🤞💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)🐨
Attached to this post are some other relevant ideas, thank you so much.👋
(In the event that we turn bearish, I have included some RED LINES🤪 that would be my key target areas🐻
Let's see , and always remember ⏬⏬🛑❗This is not financial advice❗🛑 Please use a stop loss and keep up to date with the current news if possible!
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome and trade safely!!!!
Jazerbay ☯
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.📈🆗
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points👀.
This is my short analysis based on major trend-lines, fibs, etc..😄↔↗↘
Follow the whales🐳, I am definitely long on BTC⭐
Fundamentals on BTC are still looking pretty strong💪, despite inflation being up 14%.🤞💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)🐨
Attached to this post are some other relevant ideas, thank you so much.👋
(In the event that we turn bearish, I have included some RED LINES🤪 that would be my key target areas🐻
Let's see , and always remember ⏬⏬🛑❗This is not financial advice❗🛑 Please use a stop loss and keep up to date with the current news if possible!
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome and trade safely!!!!
Jazerbay ☯
Note
Good day traders and investors🌞!
In my opinion, I the bulls/volume are soon to be here.
Depicted above on daily view, we have two bearish🐻 candles, followed by a possible morning star⭐ Doji which would indicate a bullish reversal👍.
We have been in a ~7k range for a little over three weeks now, and at the beginning of July billionaire George Soros gave the 🆗 for fund management traders to start trading BTC. This could be very good news.
It is wise to wait 3 hours for the end of this daily candle to further speculate where price is headed, this is just my current view.
Would love to know what you think about BTC price movement.
Thank you!
Jazerbay ☯
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