Btcidea
BTC Long PushStrong buy trend as we can see, and a continuation pattern confirmed as price breaks out and retested before creating another break of structure to the upside. We are currently looking at another retest hopefully the buyers will take charge by the coming week and ride long to the monthly resistance at 71,269.16. Until then, Fingers crossed...
Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart;
I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame.
What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's.
From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up?
The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k.
That level is also the base of the channel and the support/contact level of the much older uptrend line (green).
I have been sharing what I see when I put all the puzzle pieces side by side for a long time.
I am curious about your thoughts as well.
By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
BTC LONG SWINGTRADE TO 70k- FVG Zone (4H): Price has tapped into the Fair Value Gap (FVG) on the 4-hour timeframe, indicating a potential area of interest for buying opportunities.
- Sellside Liquidity: This zone has been targeted and potentially grabbed, suggesting that price may reverse to seek buyside liquidity next.
- Buyside Liquidity: The target area for the next move up is around the 70,000 USDT level, where buyside liquidity is likely resting.
- Current Action: After reaching the Sellside Liquidity, there is a potential for the price to rise towards the Buyside Liquidity, making this a favorable area to consider a long position.
Trade Setup:
- Entry: Look for a long position entry around the current price zone or a retest of the FVG area.
- Target: 70,000 USDT (Buyside Liquidity).
- Stop-Loss: Below the recent low or the FVG zone for a favorable risk-to-reward setup.