BTCUSD may consolidate between @ $64500-$57500 zone before setting for its next move. Currently its in a ping-pong territory.
Support @ $57500... break below this it may test back $ 50k-$47k-$42k levels.
On the contrary, any breakout from the upper band may lead to next psychological hurdle @ $75k
Bitcoin hasn't tested H3 OB's open @ $33,010
here's what I intend to do:
**The Game Plan**
long @ $31,679 or $31,307
3 targets @ $36,612, $38,190 & 39,682.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
Head & Shoulders pattern forming on Daily Chart of BTCUSD. Below 30000 -> 27500, 26500, 25500, 24500. Major and strong support at in-between 28800-30000. Volume has decreased quite significantly. It can spill over to the either side. It will be under selling pressure until it crosses 43000 from below with volume after it has broken down below the neckline.
It can...
1/ Entered just below the swing high at $35,350 ish
2/ Hoping to tag the 1-hour bullish order block's high at $32,935
3/ Love the R:R, let's see what happens
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
1/ Bitcoin price has perfectly bounced off the demand zone ($28,796 to $31,037)
2/ Investors can expect this rally to sweep above the local top at $35,500.
3/ Possibility of BTC hitting 62% Fib at $36,569 or 70.5% Fib at $37,632 should not be ruled out.
4/ An opportunity to position for a short trade might arise at the two levels mentioned above.
As always,...
1/ Bitcoin price is failing to hold up.
2/ As a result, the recent rally is getting undone.
3/ Expecting a bounce from the demand zone ($34,592 to $35,744)
4/ Or in some cases a double bottom at $34,750, which is the confluence of the demand zone and the buy zone ($33,156 to $34,915).
5/ The first target would be the range high at $41,322; then BTC might target...
BTCUST moving accordingly to Rising Wedge but Yellow horizontal line working as Resistance and Red horizontal , White and Orange dashed Ascending line as Support.
This is just Short Term scalping.
If supports break then Price would be around $31.15k
Not saying it will happen, but the peak of the right shoulder at $42,100 looks really interesting.
Theoretical target: $13,870
Worth keeping an eye on for.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
P.S.
for a short-term perspective, check out the previous BTC post.
Bitcoin is looking ready for a reversal.
The only question that you should be asking yourself is "buy now or wait for a dip to 70.5% Fib at $33,870?"
As always,
Leave your thoughts in the comments!
Feedback or questions are appreciated.
DYOR
Not Financial Advice (FA)
P.S.
In case, the high probability reversal doesn't take place where it should, expect a...
BTC USD has retrenched from 0.5 Fibonacci level (17127) and will stay bullish till 18863 level unless it breaks the channel and creates different channel.
BTC USD in Harmonic wave Maximum length 16763 and after returned towards downward one can go for sell 16440 with a stop loss of maximum length no. and target given on the chart.
![BTCUSD: BTCUSD [long] - Looking for a reversal from around $3,545 bfx](https://s3.tradingview.com/v/VXvfQqlo_mid.png "BTCUSD [long] - Looking for a reversal from around $3,545 bfx")
