BTCUSD H16: TP 100 000 USD / accumulation / BUY LOW(SL/TP/NEW)

27 באוג׳ 2021

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BTCUSD H16: TP 100 000 USD / accumulation / BUY LOW(SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as NEUTRAL because we are range-locked now.

🔸 Summary and potential trade setup
::: BTCUSD 16 hour chart review/outlook
::: AS ALWAYS: DO YOUR OWN DUE DILL!
::: accumulating in 30k-60k range
::: 35/40K likely cycle low for bitcoin
::: right now facing overhead resistance
::: overhead resistance / HEAVY
::: near 55 000 USD so one possible
::: option is rejection at 55K
::: BULLS should look to BUY LOW
::: near 40 000 USD / close to mid range
::: TP BULLS is 100 000 USD
::: Bitcoin gearing up for a big move
::: my end of year target is 100K/150K USD
::: 150% gains possible off the lows
::: TRADERS BE CAREFUL and don't get caught here
::: recommended strategy: WAIT for re-test
::: of 40 000 USD and LONG SL at 30 000 USD
::: TP1 BULLS 100 000 USD TP2 BULLS 150 000 USD
::: BULLS get ready to BUY LOW later near 40k
::: so just sit out the pullback now
::: good luck traders!
::: TRADE RANGE and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/bull run/100000USD
::: Sentiment outlook short-term: BEARS/RANGE LOCKED

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Past performance is not indicative of future results.
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