Like it to start :)
As shown in the chart : Potential long opportunity with provided Targets and dynamic SL based on what your entry is .
Things might be invalidated if BTC decides to tank. Therefore Stop Loss is the key .
As shown in chart, everything is valid until BTC decides to retrace .
Keeping the 1hr TF because BTC might retrace affecting the altcoins as well. hope it touches the targets soon.
I will update the thead as it goes.
We already have trended down significantly for a couple of days now.
Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA.
Long entry on Bitmex (XBTUSD) : 3270-3380
Target 1 : 3700-3800
Target 2 :4100-4200
Target 3 optional : 200 MA on 4 hr timeframe
A regular reversal pattern in play . Just obseve the chart for better explaination .
Buy - 598 to 613 sats
Target 1 - 655 sats
Target 2- 708 sats
Target 3 - depends on BTC price action/volatility
Stop loss - 582 sats
Always play safe.