MARKET UPDATE.
[30M Timeframe]Price broke out of the Descending Trendling and has pulled back to retest the Trendline and a Key Demand zone.
Stacked Confluences:
1. Trendline Break & Retest.
2. Liquidity sweep below support.
3. BOS after price reacted from the Demand.
I’m watching for continuation towards $85.8k and beyond.
If bullish step in here this could be the next bullish leg up.
Let’s see how it plays out.
What are your thoughts on BTC this week let me know what you think in the comments.
[30M Timeframe]Price broke out of the Descending Trendling and has pulled back to retest the Trendline and a Key Demand zone.
Stacked Confluences:
1. Trendline Break & Retest.
2. Liquidity sweep below support.
3. BOS after price reacted from the Demand.
I’m watching for continuation towards $85.8k and beyond.
If bullish step in here this could be the next bullish leg up.
Let’s see how it plays out.
What are your thoughts on BTC this week let me know what you think in the comments.
Order cancelled
Trade idea played to perfection but price missed my Limit Order by 1pip.
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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.