BTCUSD Clear S/R Flip is about to Occur
Hello traders,
BTC is approaching to a key resistance, previous support, zone in the near short term. This resistance zone has been tested and rejected starting from 13th of Jan, 4 times as shown in the daily TF.
My hypothesis is that this time because EMA ribbon is also showing a reversal, BTC might break the resistance zone and approach to the next minor and major resistance zones, the first grey area above and the golden pocket respectively.
I would wait for a breakout from the resistance zone and follow up with the re-test of the zone. Only then enter a long position with a SL below 1-2 ATR of the resistance.
No trade if we don't see a clear breakout of the resistance, a retest of the resistance, and nice big volumes.
Have fun and good luck.
BTC is approaching to a key resistance, previous support, zone in the near short term. This resistance zone has been tested and rejected starting from 13th of Jan, 4 times as shown in the daily TF.
My hypothesis is that this time because EMA ribbon is also showing a reversal, BTC might break the resistance zone and approach to the next minor and major resistance zones, the first grey area above and the golden pocket respectively.
I would wait for a breakout from the resistance zone and follow up with the re-test of the zone. Only then enter a long position with a SL below 1-2 ATR of the resistance.
No trade if we don't see a clear breakout of the resistance, a retest of the resistance, and nice big volumes.
Have fun and good luck.
הערה
trade is on. 52000 is first target
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.