BTCUSDT hit daily support and trading around itThe price has hit the daily support and went down the support but on daily basis I expect this support to hold. That means a long is favorable here. Lets try this long with the target of 27049.
Btcusdttrade
BTCUSDT bounced off 4h support and may head to 4h resistanceThe price has hit the 4h support as marked on the chart and the support doing its job. The price has bounced from that support and currently trading at support resistance which also acted as a brief support during fall. The price may head for 4h resistance zone again.
BTCUSDT at 4h resistance and likely to head to 27066The price has hit the 4h resistance marked on the chart and expect the retrace here to the next support. The target is 27150 and then 27066.
BTCUSDT likely to head to next 4h resistance at 27400Yesterday the price hit the 4h resistance zone upon the bounce and was held back by this resistance. Since then it is consolidating under that resistance and likely to break it soon. The next resistance lies at 27400 zone which would be the target of the long trade which seems to be favorable right now.
BTCUSDT likely to head for 28900This trade idea got triggered. Its a long shot but feels like its worth trying. I believe price is going to be higher from here. This was again a nice retrace to fill the long I was waiting for. Lets see where we go from here. I am targeting 28900.
BTCUSDT seems to be getting ready for major up moveThis dip provided a nice long opportunity. It is difficult to post on time when the price moves so fast. But 26906 was a good level to long. And the price has already moved more than 1.5%. Did not mention that level in earlier posts as did not expect this to go there so quick. But anyways, I think this drop opens the path for more upside. There will some retrace now and might sweep that low, but I believe the next bigger move is to the upside. But lets monitor the price action a bit more to understand a bit more about the probability of the future path the price will take.
BTCUSDT at dailly support, likely to head to 28176-28266The price has hit the daily support and likely to bounce from there. A long is favorable here. The target should be 28176-28266.
BTCUSDT likely to head down to 28560This is a short opportunity in my opinion. The price may go back to the level from where it bounced around 4HS1 level. But lets target 28560 first.
BTCUSDT likely to head towards 29090This is another attempt for a long trade. It seems that price will find some support here and head towards the smaller time frame resistance around 29090 area.
BTCUSDT at 4h support, long favorable towards 29400The price has hit the 4h support area 4HS1. I think a long is favorable here. It is a bit of risky trade so small size with small stop loss range. Target should be 29400.
BTCUSDT likely to head to 29800 and aboveIt seems price would like to hit the top of the weekly resistance zone which is around 30000. Likely that a long is favorable here. I am in a long trade here targeting 29800.
BTCUSDT at 4h support, likely to head to daily resistance againSo the price did hit the daily resistance as mentioned in the last post, however, could not breach it. The price has now fell down to 4HS2 level which is another long opportunity. Lets try this long from that support to the daily resistance.
BTCUSDT likley to head above daily resistance around 29360The price was pushed back from daily resistance and found support on 4h support area around 29050. I believe the price is going to push higher here. Not sure if it can break the resistance conclusively but there will be a fair attempt for the same.
BTCUSDT trading under daily and weekly resistanceThe price again hit the daily resistance overnight but got pushed down again and it is trading again below that resistance. But there is more case for the price to push up through the resistance rather than breaking down. I will observe it for while and then post a trade setup.
BTCUSDT holding well, likely to head to daily resist. at 29230The price has closed above the 4h resistance which provides a good reason for price to move higher to the next resistance which is a daily resistance around 29230. A long is favorable here.
BTCUSDT likely to move up from 28143 towards 28666It seems long is favorable here from 28143 level if it reaches there before moving further upward. The target should be 28666 in case the trade is triggered. The extended target for this trade can be 28880. But we should reevaluate once the price moves to the first target.
BTCUSDT at support, likely to heaed towards 29490We see the price has tapped into the last demand zone which pushed the price to 29800 level. I think this area can be good for the price to bounce for a long trade. The probability favors a long here for the target of 29490.
BTCUSDT short favorable towards 29127The price is at resistance and it might break this. But a short is favorable here with a very limited loss possibility. The target of the short should be 29127.
BTCUSDT likely to revisit 27560 zoneThe price has bounced again from the daily support zone. Now it is trading around the resistance zone and a short is favorable here. The target should be 27560.
BTCUSDT hit the bottom of the daily support rangeThe price visited the bottom of the range which is my preferred zone for long as mentioned in the last post. As expected, the bounce from that bottom seems to be good. However, I missed the entry as did not have any order open. But I have this plan for long if filled. Target as mentioned in the original post should be 28336.
BTCUSDT likely to retrace here to 27290 levelThis short trade seems favorable at the moment. I am expecting the price to retrace here to 27290 level.
BTCUSDT at daily support but demand is dismalThe price is at daily support but the demand really is dismal. This zone should be a good buy zone but the appropriate reaction is not seen from this zone. Price is holding here but there is no bounce. Such support should have given an immediate bounce instead of just holding the price. I am tempted to take a long here but giving it a second thought because of this poor reaction of the support. If not now then I will try one from the bottom of this range if it goes there.
BTCUSDT likely to move up and a long favorable with target 29396The price finally reached around the 4h support zone. This area is also the consolidation zone before the move beyond 30k. A long is favorable here. If the uptrend is still alive for BTCUSDT, this could also be a good entry for a swing trade. But for now let us target the 29396 level.
