Updated $BTC chart: Buy retest of $25.9 and sell at $36-37k
Updated
Updating my idea for BTC:
The chart has become clearer over the last couple of days, I think we're close to putting in a final bottom and seeing large candle higher.
The plan is simple: Buy a retest of 25.9k. Sell around 37k.
I've marked off key resistance levels in between those levels.
I do think the move higher will happen quickly.
Everyone will be calling for higher levels than 37k, but I don't expect price to go much higher than that level, if at all.
That's where I'll be selling all of my position. I'm probably going to play this move on alts, just because I think the returns will be much higher than BTC.
Good luck. Hopefully we get that buying opp soon.
The chart has become clearer over the last couple of days, I think we're close to putting in a final bottom and seeing large candle higher.
The plan is simple: Buy a retest of 25.9k. Sell around 37k.
I've marked off key resistance levels in between those levels.
I do think the move higher will happen quickly.
Everyone will be calling for higher levels than 37k, but I don't expect price to go much higher than that level, if at all.
That's where I'll be selling all of my position. I'm probably going to play this move on alts, just because I think the returns will be much higher than BTC.
Good luck. Hopefully we get that buying opp soon.
Comment
If the $25.9 support doesn't hold, then next supports are 25.7k, 25.4k, 25.2k and then lastly 24.8k. Wait to see a reaction before longing.Trade active
Don't know if we're going to get the retest, looks like it just wants higher from hereComment
Thinking we see between 28.5k-32k next. Feels like we're about to see a large move higher.Positive signs Heikin ashi candles are green on higher timeframes. The kumo is thick which tells me downside is limited.
Comment
I went to cash on this move down. Now thinking this move down plays out. Will set bids a the lower levels.Comment
First resistance tapped.Comment
Now second resistance tapped.Comment
This idea has now fully played out.
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.