BTCUSD - TRADE PLAN - DAILY CHART
Updated
Traders, trying to find buying opportunities for Bitcoin. Two attempts to go higher have been met with selling pressure. Notice how after dropping sharply on the 17th of August there was a push to the high on the 29th before selling off again over three days. The million dollar question is this. Will BTC rally up again to soak up more liquidity before or after it takes liquidity from the areas marked below the $25,400 area? There may be buying opportunities at the 25k & 24k levels but caution, they may be short lived. 20k & 22k look like levels that buyers could support.
Your thoughts are welcome.
DIONNG
Your thoughts are welcome.
DIONNG
Note
Traders, downtrend still in play. Watch price action for COT and/or continuation to downside.DIONNG
Note
Traders, following up from 7th September published idea. Liquidity swept and bounce around $1,500. We are still in downtrend so caution with BUYS. Resistance at $28,150 and SUPPLY starts at $27,250.DIONNG
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