Hello friends, SlpUsdt experienced a healthy breakout from an extended accumulation. We should expect another extended rally close to the ATH following series of impulses and correction. However, Trader are most likely to take profit at points on interest which in my view are - $0.1439,$0.2170 $0.3344, $0.3864
Noticed a repetitive activity since the deep, from the spring below BTCUSDT experienced a jump to the area I tagged scenario 1 and then gave a nice uptrend channel which got invalid at the high with ? BTCUST could not continue with the same uptrend channel structure, it signifies weakness in buying pressure. After that price dropped and then gave a repetition of...
Don't rush to jump in, 38160 is a good block to buy on D1 timeframe. Buy the deep and for now expect series of market manipulations -
Bitcoin recently jumped out of an aggressive resistance around 40826, which then appears like an upward channel. A,B,C,D represents the stages of accumulation and the last one stage E represents a breakout stage which signals a bullish confirmation. Lps mean (last point support) - I marked 44041.86- BTC jumped up from 44041.86 to 50474.26, In my view this shows a...
Buy after breakout and retest also check for bullish confirmation.
As seen, Price could break out upwards or downwards from the triangle but following on previous price action, break upwards is more feasible. That's my view