Weak Price Action ▶️ Strong Price 🟢 Bulls're Back 🐂 TP: $37500
"The price action is boring, but that's good news for Bullish traders."
We predicted the long from $33100 to $36500 in our Idea: Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
We saw the short from $36500 to $32800 in our following Idea: Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
And we were wrong because we thought that we would hit $40 000 this week.
But that is your good news.
While traders complain about "weak" price action, the price gathers strength.
KEY POINTS:
- RSI is Bullish
-- Bears lost Momentum
- Price Action hit Double Support: Historic Support Area, Channel Lower Support
-- Bounce confirmed
- Volume is too low for a down break
-- What is more, whatever volume we see favors Bullish
The funding rate favors the Bullish side.
We Take Profit on our previous short and open a "long" here:
Leverage: x20
Pair: BTC/USDT
Side: Bullish/Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
"The price action is boring, but that's good news for Bullish traders."
We predicted the long from $33100 to $36500 in our Idea: Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
We saw the short from $36500 to $32800 in our following Idea: Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
And we were wrong because we thought that we would hit $40 000 this week.
But that is your good news.
While traders complain about "weak" price action, the price gathers strength.
KEY POINTS:
- RSI is Bullish
-- Bears lost Momentum
- Price Action hit Double Support: Historic Support Area, Channel Lower Support
-- Bounce confirmed
- Volume is too low for a down break
-- What is more, whatever volume we see favors Bullish
The funding rate favors the Bullish side.
We Take Profit on our previous short and open a "long" here:
Leverage: x20
Pair: BTC/USDT
Side: Bullish/Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
Trade active
Leverage: x20Pair: BTC /USDT
Side: Bullish /Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
Note
If you copied our Trade, you've got +48% so far.I believe we can congratulate each other 💸
Note
Look how well our Support Area trapped the Bears, and now, our followers' diamond hands are in piles of profit!Trade closed: target reached
We've Taken Profit on all Longs.Note
😊 Join our community:Discord: discord.gg/TnJc2SNeBM
Telegram: t.me/oxybits
Website: taken.to/oxy
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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.
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.