BTC Long Concept; Trend re-tap and breaker retake to upside
Updated
In this analysis I have plotted the different areas of interest for BTC.
It recently tapped the bottom and immediately validated the bottom-side trend with a bullish pushback with associated volume to validate.
BTC is looking to retake the breaker point above and nearly almost always does. previously it missed the breaker level and retraced from the minor support below the breaker point.
There is 200 ema resting at the same level so i think we will see at least one pushback before it is broken. If bottom-side uptrend is broken, trade is invalidated.
I made a post detailing this upside recently without a big explanation but I am confident that this will play out. Wait for the retest!
It recently tapped the bottom and immediately validated the bottom-side trend with a bullish pushback with associated volume to validate.
BTC is looking to retake the breaker point above and nearly almost always does. previously it missed the breaker level and retraced from the minor support below the breaker point.
There is 200 ema resting at the same level so i think we will see at least one pushback before it is broken. If bottom-side uptrend is broken, trade is invalidated.
I made a post detailing this upside recently without a big explanation but I am confident that this will play out. Wait for the retest!
Trade closed: stop reached
Stop hit. Minor Losses. 17400 coming soon.Note
It needed to bounce off of bottom orderblock.. noted for future.No entry so no losses.
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