Falsebreak accumulation zone
If this is a hammer ,(long wicked pinbar or just a solidified reversal price should start too pump40k42 the most near term
If not then its just a pullback indication
The level of 37 should be held for buyers seeing 30k provided a good enough based
From the pattern on dialy to weekly it broke out to retrace line that was resistive. I would like to see a move up to 47_50k being reached in a month or two .
Question is shall btc go down seeing institutions flooding btc at lows for this year but pulling out on higher highs formed. Retail traders are loosing their tops🏇. Which will probably bring corrections as we saw a 20$ dip so ill take it as positivity an optimism to take a trade seeing my last idea flew to tp from 28'5k
-D1, had an impulse if this was the confirmation swings from its wick will be good but remember thats a whole 20$ sl from the start of triangles formation.
37900 was early buyers zone which it rejected
40k is buying entry for 50k
Another ten dollars below helps the 35 that should uphold 30k barriers
Do like for more content to be shared. Or addition with decision making
Risk a 1_5$
I mostly do 1 when im not up for it or a break-even if in slight profits
Re-entries can always be done
If not then its just a pullback indication
The level of 37 should be held for buyers seeing 30k provided a good enough based
From the pattern on dialy to weekly it broke out to retrace line that was resistive. I would like to see a move up to 47_50k being reached in a month or two .
Question is shall btc go down seeing institutions flooding btc at lows for this year but pulling out on higher highs formed. Retail traders are loosing their tops🏇. Which will probably bring corrections as we saw a 20$ dip so ill take it as positivity an optimism to take a trade seeing my last idea flew to tp from 28'5k
-D1, had an impulse if this was the confirmation swings from its wick will be good but remember thats a whole 20$ sl from the start of triangles formation.
37900 was early buyers zone which it rejected
40k is buying entry for 50k
Another ten dollars below helps the 35 that should uphold 30k barriers
Do like for more content to be shared. Or addition with decision making
Risk a 1_5$
I mostly do 1 when im not up for it or a break-even if in slight profits
Re-entries can always be done
Related publications
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.