It is possible we may retest 28.5K before another leg up. Or, given the fact that the Daily candle closed quite strongly, we may anticipate another leg that coincides with the inflation data being released Wednesday morning.
Either way momentum is bullish and we may anticipate scalps and buyers to come in at *short term lower prices at 29.95K or 30.15K. These are my "buy the dip" short term prices that I like.
Either way momentum is bullish and we may anticipate scalps and buyers to come in at *short term lower prices at 29.95K or 30.15K. These are my "buy the dip" short term prices that I like.
Trade closed: target reached
BTC bounced very well off our zone 29.95K . Price may very well continue momentum on HTF's to 31.3K with cpi data as a catalystNote
We would like to see the 1Hr candle close above 29.95K 4Hr Zone with the 4hr candle close occuring in 30 Minutes Note
We have reached the daily wick fill at 30,58 with momentum on HTF's. Really have no idea where to next. price is retesting 30.325 which may be our next HL if we are heading to 31.3kNote
Break and retest of 30,325 Setup played out very well.But you would've needed the confidence to hold
through the news. News was corrected a few sessions later
which is a high probability setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.