BTCUSDT DOWN TREDLINE IS BROKEN UP
Updated
Daily bias is weak bullish using 3 indicators and will be considered strong once MFI cross the 50 level upward
1- MFI is above 20 but still below 50 level and pointing downward
2- STO(21,5,5) is showing strong bullish
3- MACD crossed up from below the 0 level which indicate a pullback/weak bullish trend on lower time frame .
The price broke up the strong downtrend line and passed the trendline retest using 3 daily close above the downtrend line with wicks .The price has a high probability to reach the 61.8%/70.5% level.
liquidity is at the 63861.76 , price usually grab liquidity and pullback down then shift back up to liquidate more traders .
Red levels are strong resistance because of the price actions with candle wicks .
Blue levels where strong resistance levels before the price broke up through them and now they are considered as support levels .
Good LUck
1- MFI is above 20 but still below 50 level and pointing downward
2- STO(21,5,5) is showing strong bullish
3- MACD crossed up from below the 0 level which indicate a pullback/weak bullish trend on lower time frame .
The price broke up the strong downtrend line and passed the trendline retest using 3 daily close above the downtrend line with wicks .The price has a high probability to reach the 61.8%/70.5% level.
liquidity is at the 63861.76 , price usually grab liquidity and pullback down then shift back up to liquidate more traders .
Red levels are strong resistance because of the price actions with candle wicks .
Blue levels where strong resistance levels before the price broke up through them and now they are considered as support levels .
Good LUck
Trade active
BTCUSDT reached the 70.5% target . STO(21,5,5) currently(2h remain for a daily close) shows a bearish divergence while k&d are heading into the oversold zone . MACD and MFI are pointing upward. MFI is above 50 level but it has formed a bearish divergence . MACD histogram is dark green which shows an increase in the upside momentum.The price still has a low probability to continue upward toward the 78.6 % /88.6 % but the higher probability is for the price to shift and pullback down .
Good LUck
Trade active
A pullback is imminent ,STO is crossed in the overbought are and has a bearish divergence ,MFI and MACD is also showing bearish divergence . price might reverse anytime or might grab liquidity first .Good LUck
Note
Heading toward the OBNote
Reached the first strong support , we might see a pullback up before continuing downwardNote
Next support @ 59470Note
Price reached OB nicely and has high probability to sweep the low and grab liquidityTrade closed: target reached
success 
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