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.
Btcusdttrade
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.
BTCUSDT at hourly support and may bounce at least till 29800This drop has brought the price again to the previous hourly support. The price last time bounce from here to reach the daily resistance. I believe this support will again produce a bounce at least till 29800 level. The long is favorable with a target to 29800 here.
BTCUSDT to head for 30836 from the daily support at 30236The price has retraced to a level around the start of the daily support zone and will bounce back. A long is favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
BTCUSDT to head towards 30836 at least from daily supportThe price will retrace to a level around the start of the daily support zone and will bounce back. A long will be favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
BTCUSDT long from 30069 towards 30436
I think a long would be favorable if the price hits the 4h support zone around 33069. The target for the long should be the 4h resistance around 30436.
BTCUSDT may head to daily support before bounceThe price is moving in the south direction and probably aiming for the daily support. Currently at a light support around 27675 but probably not gonna hold. This support is a wide range and likely to provide a good bounce. That would make a long favorable from that level. However, in order to minimize the risk a conservative entry from the lower side of the support zone should be favored.
BTCUSDT at support and likely to move upto 28200The price has hit the support and that calls for a long as far as the probability of a winning trade is concerned. Let us long here for a target to 28200.
BTCUSDT hit resistance, likely to retrace hereThe price has again hit the upper resistance zone. I am going for a short here with very limited risk.
BTCUSDT another long attempt to 27625Last long trade stopped with 0.5% loss. Let us try long once again. It seems price retraced some more and now provides a better long entry.
BTCUSDT likely to head towards 28250The price hit the daily resistance and bounced from there. It is trading currently above the daily support as well as a smaller time frame resistance. By looking at the price action and the setup it seems a long is favorable here if the price can trade above this resistance for the current 4h candle. If that happens, the target should be the next resistance around 28225.
Btc | Levels To Watch Btcusdt
Direct 30-32k Or Retest First ?
If You Are Looking To Trade On Btc, I think this is not a good time to trade on btc .
First thing is we have to wait for breakout anyside, good buying zone is 25500 .Buying Above 28k or 29k is madness.
Waiting for weekly closing,
Note : Always Trade With Your Own Research & Always Manage Risk.
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