So this is how I see next few weeks for BTC. In this case strong support is at 10800, so expect some weaks, till 10600, but fast recovery to 10800. Position close is a bit below 10800, but it is only after quick retest of 12k. Will not hold a position resistance turns support again just because I'm confident that BTC's bull run not over
So let me explain here. As we have weak bullish divergence on 4h time-frames, I believe we will retest 12000-12100 levels again, so it is good moment for a scalp into it there 12k is a great TP zone, however please aware this area, because the drop is coming after it with a high probability as on a daily chart a see a strong bearish divergence which at least shake...
We are in an altseason for sure, however please note that it could not last too long and some dominance strength could possibly be seen in near future. Hidden bullish divergence played out, however falling wedge pattern forming from strong diagonal resistance could lead BTC.D to increase. This case plays with my BTCUSDT idea which you can see in next post.
This is start of my journey in crypto TA, so we will start from the father of all altcoins. See a great set up for a long position. In this case rather wouldn't like to set a tighter stop loss just because of stop hunters. Sure there will be ability to add more while retest, so welcome and stay tuned >>>
