BTC saw a strong 4H close above the zone i mentioned in my previous analysis, we dropped to the LTF and found a nice entry confirmation - so far +95% profit using 30x leverage.
Price is now testing daily resistance if we break above we will achieve our final target which is the high of the previous week, nice bullish move across the cryptocurrency market in general, but just remember this is only a correction we are still very much bearish on the HTF with extremely bearish macros to take into consideration - the higher the price climbs the more people will believe the bull run is back which will create more and more liquidity below, i still strongly believe a huge capitulation is yet to come in crypto. Remember during bear markets you need to be looking to sell rallies.
Holding this trade risk free after securing partial profits
Price is now testing daily resistance if we break above we will achieve our final target which is the high of the previous week, nice bullish move across the cryptocurrency market in general, but just remember this is only a correction we are still very much bearish on the HTF with extremely bearish macros to take into consideration - the higher the price climbs the more people will believe the bull run is back which will create more and more liquidity below, i still strongly believe a huge capitulation is yet to come in crypto. Remember during bear markets you need to be looking to sell rallies.
Holding this trade risk free after securing partial profits
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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.