Price creates a bullish reversal structure, plus the volume is well maintained on the H1 timeframe. Long-term setup to catch the current retracement wave
Hoàn phí 30% khi giao dịch Alpha, Web3 tại Binance bằng cách nhấp vào đây
Trade $IDOL here! 👇
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Breakout price of the increasing channel, confirming strong upward momentum. Setup in line with the trend for a long position at the current price area seeking profit.
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Trade $TAG here! 👇
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Reminding once again for the brothers not to forget the plan $BTC
BEAR Signal - TIS
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🔹$BTC end of Plan about 62,000, bonus price to drop to 60,000. The next direction is again a big question mark for us!
🔹In all the recent Plan articles, I have always said the market has entered a down cycle and continuously warned everyone not to catch the bottom. 2 weeks ago, BTC dropped from 9x,000 to 60,000, which is really shocking, so don’t be stubborn anymore.
🔸My Plan for the last 3 days of the weekend prioritizes long positions to catch short-term rebounds, as the H1 candle creating a wick at 60,000 with large volume indicates that the long side is stepping in to support the price.
🔸The long position zone will be at 62,000 - 63,000 and the Stoploss should only be set at 60,000 with the recovery target returning to the price range of 68,000 - 70,000.
🔸However, according to my reasoning, this is still just a technical rebound wave, as BTC has not stopped at the number 60,000. I expect the price will rebound to around 68,000 and then continue to drop to 58,000 - 56,000, with the lowest possibly having a wick at 54,000.
🔸If you want to Long Short or buy Spot, then in my opinion, the price range of 54,000 - 56,000 will be the optimal and safer zone in the current context of BTC. You should wait rather than rush in as soon as you see the price has a recovery trend.
🔹The setup I referenced is drawn in the image; if you find it aligns with your view, you can use it and trade according to my short-term plan, you should only scalp quickly and exit quickly.
🔹Let’s wait for the next move from the price action, my main Long zone will be at 54,000 - 56,000, this will be the area where I start to invest.
What are your thoughts on BTC? Comment below to discuss!
{future}(BTCUSDT)
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