BTCUSD Perpetual Contract
Long
Updated

BTC (Y25.P2.E4). Potential bullish fractal to take place

129
Hi traders,

Price is bullish and its likely we will see more ATH to come.
Here, with a peak, followed by a troph, we found support like the macro Y21 BTC price action. Hence finding that support level makes sense to long.. To early to find a long but it could come soon.

Alternatively, we see a AB=CD move to 105k level, but this is looking less likely

The ABC target, is 1 to 1, which aligns to take the liquidity above this ATH level.
Or Its a wave 2 level and hence a bigger move of wave 3.

All the best,

S.SAri
snapshot
Trade active
we shorted that top and now looking for more lows. Just maybe the other scenario will play out , AB=CD
snapshot

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.