Waiting for opportunity to trade with BTC at Key level
H1 time frame.
Structure: Uptrend.
When a divergence signal appears, the price starts to move down.
The key level is at 48000. Wait for the price to down to this support and see how the price will do at the Key level.
With the possibility that the price could form a Running Flat or Expanding Flat here, and there are buy setups and the price will continue to rise to the 50000 or 52000 zones.
If the price breaks the Key level here, the next downside target will probably be the 44000 support area. At this point, we need to wait for the confirmation of the downtrend to be able to trade.
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Wish you all have a good trading day!
Structure: Uptrend.
When a divergence signal appears, the price starts to move down.
The key level is at 48000. Wait for the price to down to this support and see how the price will do at the Key level.
With the possibility that the price could form a Running Flat or Expanding Flat here, and there are buy setups and the price will continue to rise to the 50000 or 52000 zones.
If the price breaks the Key level here, the next downside target will probably be the 44000 support area. At this point, we need to wait for the confirmation of the downtrend to be able to trade.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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