Based on the current price action a high probability opportunity offers itself for BTC to head for a retest of the higher 4h/daily rage (22K level).
A quick break down swapped liquidity around the 20900's lows and will eventually trap the late bearish traders. A proper break above the current lower low of the range (lower red line - 21000's) will indicate that the market currently remains in a strong bullish momentum.
The following will offer the high probability of a reclaim of the 21350's level which will give some room to head towards the higher range we have been trading within sitting at 22k.
A clear break below 20725 will invalid the trade idea.
Considering the following sentiment higher price action can be expected.
Stay safe and never risk more than 1-5% of your capital per trade
The following analysis is merely a price action based analysis and does not constitue financial advice in any form.
A quick break down swapped liquidity around the 20900's lows and will eventually trap the late bearish traders. A proper break above the current lower low of the range (lower red line - 21000's) will indicate that the market currently remains in a strong bullish momentum.
The following will offer the high probability of a reclaim of the 21350's level which will give some room to head towards the higher range we have been trading within sitting at 22k.
A clear break below 20725 will invalid the trade idea.
Considering the following sentiment higher price action can be expected.
Stay safe and never risk more than 1-5% of your capital per trade
The following analysis is merely a price action based analysis and does not constitue financial advice in any form.
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.
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.