BTC Higher lows on daily, shown on 1 h timeframe, showing demand
This demand is happening close to the resistance of this 3 months consolidation.
It might be the last pullback we need before enough demand pushes us through the resistance
and up to the next consolidation flag, which might be around 80 - 100k.
Get ready as soon as we cross 72,000 $ with good volum.
See you at 80 - 100k $ :) in a week ++
It might be the last pullback we need before enough demand pushes us through the resistance
and up to the next consolidation flag, which might be around 80 - 100k.
Get ready as soon as we cross 72,000 $ with good volum.
See you at 80 - 100k $ :) in a week ++
Note
Trade exited.Won't try and predict when the breakout will happen, since that's unecessary.
Be ready, have alerts ready, and react when price breaks 72,000. Use a buy stop if you're not available to react.
In the mean time, just wait, don't trade inside the consolidation. No momentum here, bad R:R setups, choppy, slow.
Just be ready for when 72,000 breaks, as that's when the confirmation, speed and momentum begins and where the big money is made.
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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.
Related publications
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.