Short term buy opportunity?
Hello Traders today I am looking for continued buy. If price continues to accumulate in this pattern. Look for a
Buy opportunity around 3200-3300$ as sellers become weaker over time after the bullish impulse. We can see a clear pattern of Lower Highs and Lower Lows in price after the second rejections of 4350$. This is creating a bullish falling wedge within the downward range inwhich could lead to a 3rd impulse back to the top of the range. If range is broken and close above for the daily, look forward to a possible TP2 entry and higher.
TP1 between 3600-3700 if falling wedge is broken
TP2 between 4100-4200 If flag is broken.
TP3 would extend to 4300$
A break beyond 4400$ could turn market sentiment
A break below 3200$ could send price to 2900$ zone or even lower!
Do not trade this idea unless you're confident in your OWN analysis. This is just my short term daily / 4H .. Bulls are picking up and bears can't last forever. Wait for a solid break of structure before you make your own decision. Let the chart speak to you and tell you what is happening. Good Luck!
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Recent Fundamentals that could help these outlooks for price over time.
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.:.BULL.:. New Hampshire will join the state of Ohio if bill HB 470 passes and Indiana lawmakers are also in the midst of proposing a similar tax bill. THEY HAVENT PASSED IT THEY ARE LOOKING AT IT (this screams ACCCCCUUMMUULAAATIOOONNNN and wait patiently...) // Source youtu.be/HIrDiPMx3aM
.:.BULL:. Twitter CEO Promotes Bitcoin // Source ambcrypto.com/bitcoin-btc-backed-by-twitter-ceo-jack-dorsey-to-become-internets-native-currency/
.:.NEUTRAL:. Iran Continues BTC positive outlook to go full Crypto // coindesk.com/us-lawmakers-seek-sanctions-against-irans-cryptocurrency-efforts
.:. BULL:. Binance Adds Credit Cards for payments Source: support.binance.com/hc/en-us/articles/360022498052-Binance-Enables-Debit-and-Credit-Card-Payments
Buy opportunity around 3200-3300$ as sellers become weaker over time after the bullish impulse. We can see a clear pattern of Lower Highs and Lower Lows in price after the second rejections of 4350$. This is creating a bullish falling wedge within the downward range inwhich could lead to a 3rd impulse back to the top of the range. If range is broken and close above for the daily, look forward to a possible TP2 entry and higher.
TP1 between 3600-3700 if falling wedge is broken
TP2 between 4100-4200 If flag is broken.
TP3 would extend to 4300$
A break beyond 4400$ could turn market sentiment
A break below 3200$ could send price to 2900$ zone or even lower!
Do not trade this idea unless you're confident in your OWN analysis. This is just my short term daily / 4H .. Bulls are picking up and bears can't last forever. Wait for a solid break of structure before you make your own decision. Let the chart speak to you and tell you what is happening. Good Luck!
-------------------------
Recent Fundamentals that could help these outlooks for price over time.
------------------------
.:.BULL.:. New Hampshire will join the state of Ohio if bill HB 470 passes and Indiana lawmakers are also in the midst of proposing a similar tax bill. THEY HAVENT PASSED IT THEY ARE LOOKING AT IT (this screams ACCCCCUUMMUULAAATIOOONNNN and wait patiently...) // Source youtu.be/HIrDiPMx3aM
.:.BULL:. Twitter CEO Promotes Bitcoin // Source ambcrypto.com/bitcoin-btc-backed-by-twitter-ceo-jack-dorsey-to-become-internets-native-currency/
.:.NEUTRAL:. Iran Continues BTC positive outlook to go full Crypto // coindesk.com/us-lawmakers-seek-sanctions-against-irans-cryptocurrency-efforts
.:. BULL:. Binance Adds Credit Cards for payments Source: support.binance.com/hc/en-us/articles/360022498052-Binance-Enables-Debit-and-Credit-Card-Payments
Note
BTC going as planned. Still heading down.Note
TP1 zone hitNote
Expecting price to head to top of range TP2 :)
Note
A close at 3800 for the next session will confirm bullish momentum.Note
Correction: 3760Note
No close yet, but we are forming a continuation pattern, descending bullish flag pennant.Note
Buy on the breakout of the flag.Note
Good chance itll keep consolidated like this then do one more up movement. Be on the lookout, set alarms.Note
still consolidated, nice flag forming
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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.
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.