BTCUSD RANGING ON A SOLID SUPPORT ZONE
Updated
The base line support zone is 29222.01 zone break below it, i would expect price to retest the zone of support previous held as a peak formation low for stop hunt zone at 25838.02 zone. the overal market pattern is macro bullish flag on weekly chat of which is in confluence invesly with daily chart time frame intermediate pattern which is bearish flag.
It would be good to wait more days just to see how this pair will develop further is not yet ideal to trade but to short list it and watch it closely.
It would be good to wait more days just to see how this pair will develop further is not yet ideal to trade but to short list it and watch it closely.
Note
The area of support did not hold as anticiapted, but aclose above the blue trendline with a revrsal pattern of a head and shoulder pattern structure will bea solid move forthe uptrend to be initiate for now just watching BTC like a hock!!!
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