BTCUSDT.PFed meeting on 1-Feb-2023 at 19:00 UTC
Looking for 25bp rate hike for potential bullish move.
BTC has had a run to almost 24k. But it's approach is quite tight like a triple tap in play.
Support levels marked in white for possible re-entry for Long via appropriate entry trigger.
Entry trigger could be bullish candle or bullish candlestick formation.
50MA 4h and 200MA 1D as guide.
But with BTC when it's hot, we don't always get support entries.
After Breakout level
25K (1D) we need break and retest for upside otherwise it's a level to target a short via LTF (4h) break of structure.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Note
BTC 5% pump.As mentioned above, with BTC when it's hot you don't always get support entries.
Waiting for upside continuation to
25K level and possible SR flip for monster move.
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.
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.