Daily closure was bullish, need a slight pullback on the Tokyo/7PM 4HR/Daily candle. I am bullish to 95,000 USD level, just need price to hold above 89,000, which is also my pending buy order is placed. Targeting a 1 to 8 RR.
Pending BTC Order at 87,000 USD for continued buys. Daily closed bullish, previous 4HR closed bearish but above the new range. Assuming this is not a fakeout, it should not break the SL.
Looking to take buys for a pullback after Friday sell off. Risking 1% and moving stops once we are at 50 points!
Pending Order.. Ideally want to see the new 1hr retest and reject!
Setup for BTC sells, about a 1 to 6 risk/reward for this position.
On the higher timeframe, price is failing to maintain and close above $100k. We have seen significant pushes from the start of the election in 2024 to inauguration day. Across the board we have seen bitcoin, alt coins and the crypto market push to new highs due to our first ever crypto supportive/positive presidency. Before making new highs, revisiting 80,000...
Overall monthly trend remains bullish, previous weekly candles failed to break lower and close below 90,000 USD key level. Expecting price to move upwards if we respect 95,000 USD key level. Slower price action today to due bank holiday; however we have red folder news later in the week. Will update accordingly!