BTCUSDT Technical Analysis 15/7/22
BTC touched the monday high and OB, it will go down to the monday low+channel and find support as a retrace(this is where you may look to long if confirmed). Target would be the top channel+OB area.
Note
We might also bounce off of 20450, just depends on when momentum decides to reset and allow for more upside. Still very bullish on bitcoin short term, enter a long at your own discretion. The retrace might have already happened or it may still be happening. I recommend waiting for a confirmation(BOS or COC on LTF) signifying a potential reversal after retrace. Happy tradings, ~CasNote
Ok perfect, TP hit, only mistake here was the retrace target, I forgot to add in earlier that it could retrace to the previous wick up. Now you MAY look to short.
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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.