We made a high of around 65k on BTC in 2021. Since then BTC has been rangebound between 30000 and 60000. Although markets can turn around at 30000 levels once again. As a trader, I would like bitcoin to hit the liquidity pool at 18000 level. I've been waiting for it since the last fall, It didn't. Trapped many at fake highs above 62000. Markets are risky, And this...
looks good to go towards 50000, this is an intraday analysis, having tight stoploss.
Although with my previous trade, BTC destroyed one of the most accurate trading systems I got. It made me question a few things as a trader. And that's a good thing. I was having doubts with two demand zones(one in green and other in dashed purple line).The doubt has been cleared. With the lower move, BTC has also curbed the chances of a bullish head and shoulder...
BTCUSD - The sellers are losing the momentum, With the LOB V formation, I would go for a long, My TP will be the nearest SnR.
Took this trade on 7 th of november, I'm satisfied with 6500 for now, although it may touch my real targets in a few days. but not safe to play in this territory. So I've booked my profits.
USDCHF is in the range, I will buy it from here after my test.
NZDUSD is has made a lob V- had a test at previous SNR(A trade I took a while ago).
I will short my position on NZDUSD for its test downward
Sellers are getting weak at an snr spot, i will long from here
The bigger players are showing signs of the bullish move. The 1D chart is bullish, so I think it will pull through my trade.
EURO seems to continue its downtrend, reacting at previous SNR
GBP USD will have a pullback to previous SNR to test.
BTCUSD showing weakness after the last bullish run friday, The sellers are in, I will grab the price as high as possible, and short to the last buyer after the V formation.
As the world is bullish on bitcoin, I see just the opposite. The pullback phase hasn't died yet and I call for a drop to 8200 support level on a short term(4HR-1HR). And Even further drop to the crucial 6200 support level in until next month(4Hr-1D). In my other post(check it out,BTCUSD long term analysis), I called for 5100 levels as the lowest the bitcoin could...