BTCUSDT SPOTLong
BTCUSDT
Updated
As you can see that btc on daily has made LL and LH again LL and LH and is now above its support , we have 2h support as mentioned in above picture,
we have 3 probabilities;
probability 1;if on daily btc closes above 64150 level , then we will wait for a retest again to 64k and can open a long/buy there which i think has minimal chances
be cautious and don`t fight the trend
Probabilty 2; on bearish side
if we close below 60K on daily then we can play it in two ways;
1. close below 60K and touches 56300, we can buy/long and target will be 60k atleast
2. close below 60K and daily previous lows break too, then most probably we can see BTC coming to 52300 and then range formation , targeting again previous support (which will be resistance then) can be targeted which is 60300 and 64k
we have 3 probabilities;
probability 1;if on daily btc closes above 64150 level , then we will wait for a retest again to 64k and can open a long/buy there which i think has minimal chances
be cautious and don`t fight the trend
Probabilty 2; on bearish side
if we close below 60K on daily then we can play it in two ways;
1. close below 60K and touches 56300, we can buy/long and target will be 60k atleast
2. close below 60K and daily previous lows break too, then most probably we can see BTC coming to 52300 and then range formation , targeting again previous support (which will be resistance then) can be targeted which is 60300 and 64k
Note
well well well, first we went short and successfully closed in profitNow we head towards supply, we need to close above 64100k for upside movement of BTC,
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.