BitcoinUpdated BTC Breaking market structure
Currently evaluating BTCUSD and looking for price to clear the 27511 mark, above here we have acceptance of a higher high, after already producing a higher low.
Failure to break above trendline at 27240, could mark a reversal of this brief rally and see us back at support around the 25260 region.
For now awaiting a breakout of the trendline and possible retest, first targeting s/r zone at 28420. With acceptance above this, we could potentially head for yearly highs.
With the news of the highly anticipated Blackrock and Valkyrie ETF's being delayed yet again doing little to effect the market, it seems as though we are primed to head higher once more.
Failure to break above trendline at 27240, could mark a reversal of this brief rally and see us back at support around the 25260 region.
For now awaiting a breakout of the trendline and possible retest, first targeting s/r zone at 28420. With acceptance above this, we could potentially head for yearly highs.
With the news of the highly anticipated Blackrock and Valkyrie ETF's being delayed yet again doing little to effect the market, it seems as though we are primed to head higher once more.
Note
beautiful, confirmation of trend reversal and posted a higher higher already, hopefully get a pull back to trend lineTrade active
This is tracking along beautifully, breakout into a higher high, retested the trendline and ready for upside. Note
looks like its retesting support here and the downtrend. would make for a solid entry long here, with clear invalidation at the lows. Note
running beautifully. taken out higher high, right at resistance, now still above support. If BTC pumps this much on fake ETF approval, can you imagine the real thing? the market hasnt priced this in.
Note
this has run to absolute perfection, very happy with this idea. now lets see how we react at range highs.
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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.