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BTC (BITCOIN) IDEA IS HERE Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of BTCUSDT ( BITCOIN ) in 30-M TF This chart shows Bitcoin’s price movement over time. The Pattern: The price is moving inside a triangle shape, getting squeezed between two lines. Resistance Zone: Bitcoin tried to go above $97,000 but got pushed down RESISTANCE LEVEL. 96800/97000 TARGET WILL BE. 94000 If the price breaks below the lower line of the triangle, it may fall further, possibly to $94,000 or lower..
Short
by Art_of_TradingFX
BITCOIN bounced on last Cycle's Pivot and targets $125k.Bitcoin (BTCUSD) has been consolidating every since the Double All Time High (ATH) formation of December and January. As we've pointed out in previous analyses, this is similar to the December 2023 - January 2024 consolidation. What we haven't seen before and we bring it forward to you today, is that the January 2025 Low was priced exactly on the Higher Highs trend-line that emerged from the November 2021 and April 2021 Highs, i.e. the previous Cycle's tops! To make things more interesting, we can see an identical Higher Highs trend-line that held the January 2024 Low (of the similar consolidation phase we discuss above) with an identical 1W RSI sequence as well. That was what initiated the February - March 2024 rally. Assuming the current Low holds, BTC should kick start any time now the new 2025 Bullish Leg, which technically eyes the Higher Highs trend-line of the current Bull Cycle (dotted line). Even if it starts as early as this week, it should target at least $125000. Do you think that is a plausible scenario, assuming the former Higher Highs trend-line, which has now turned to a pivot, holds? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
15
No longs by far. 90-92K stands in focusMorning folks, Last time we were speaking about possible upside bounce to ~102.5K area. But BTC has failed three attempts to move out from support level where it stands. Despite that upside momentum was not bad. With the recent high CPI on the table and weekly DRPO "Sell" pattern on the back, we suggest that downside action could start at any time. First target will be ~90-92K area just because this is daily oversold. Weekly pattern suggest target around 80-81K. By this reason we do not consider any new intraday longs by far. Besides, on daily chart today we could get bearish grabber that supports adea of 90-92K lows level.
COINBASE:BTCUSDShort
by Sive-Morten
TradeCityPro | ONDOUSDT Good Opportunity to Buy👋 Welcome to TradeCityPro Channel! Let's go together to analyze and review one of my favorite projects that I plan to put in my spot portfolio and find its entry points together 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe In the weekly timeframe, it is one of the coins that has still managed to hold itself bullish and in the declines, its recent corrections have not yet fallen below the support of 1.2110, which is a good sign. Also, it has corrected only two weeks after its listing and after the breakdown of the listed price, it has experienced a good move and Sharpe, which is also a good sign for this coin and this event has also caused a trend to form on this coin. This upward trend, which we recently reacted to again, can help us a lot in the future, both in terms of reaction to it and in case of a breakdown of the trend line itself and any of the triggers on the chart can be a timely exit trigger for us in relation to the time of the breakdown. To re-enter, we ourselves entered with a breakdown of 0.8456 and bought. For now, we continue to hold it. Our more reliable trigger is the breakdown of 2.0675. There is a risk trigger, let's also set a stop-buy with our previous weekly candle shadow and make our purchase with a stop loss of 0.8456 📅 Daily Timeframe In the daily time frame, we are really in a better situation than the rest of the altcoins and we are fluctuating at a higher bottom than the rest of them, which still encourages me to be more bullish The candle a few days ago that caused a drop in all altcoins led to a green candle and strong buyers' pressure in this coin, and it did not care about the corrections of a few days and it is in its range box I myself will enter after the 1.6110 break and it is likely that the 2.0833 break will be sharp, so I will try to have a long futures position trigger or buy with this level, and with the ath trigger failure, I will simply raise my entry point and do nothing below 0.5683 for now I don't give 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
8
The Whales in Action on XRPAs I have been telling everyone who invests in CRYPTOCAP:XRP , the Financial institutions are trying to shake out retail traders, now we've got proof they're serious. When NY came online this morning (February 12, 2025) at 8:30 am ⬇️⬇️⬇️⬇️ we can see that these major institutions quickly dropped the market to take out all of the traders leveraged in XRP. We have been seeing XRP stagnate between $2.50 and $1.79 for a while even though dozens of large announcements are happening every month. One day we will wake up and find XRP trading at $10.00. Buy low and sell high. Hold some of your XRP without trading it in a cold wallet because I know that we will see $100,000 XRP tokens in a few years. There is just too much momentum and too many Financial institutions, governments (CBDCs), corporations, and tokenization happening with the XRP Ledger (XRPL). Stay strong and don't let the whales discourage you!
KRAKEN:XRPUSDLong
by MissouriTim
1
SHIBUSD The Death Cross may form the new bottom.Shiba Inu (SHIBUSD) is on the Bearish Leg of a 1-year Triangle pattern and is about to form a Death Cross on the 1D time-frame. The last 1D Death Cross (July 17 2024), caused one final pull-back to form the new bottom, which as you can see was on a Double Bottom 1D RSI. The target of the Bullish Leg that emerged after this was the 0.786 Fibonacci retracement level. As a result, we will wait for these conditions to be fulfilled in order to buy and target on the medium-term 0.000026 (Fib 0.786). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSD
by TradingShot
3
Phemex Analysis #58: How to Trade AI16Z Like a ProAI16Z ( PHEMEX:AI16ZUSDT.P ) has experienced extreme volatility, dropping from its $2.00 price level to a low of $0.2619. However, the price has since rebounded by 140%, reaching a recent peak of $0.6337, and is currently trading at $0.5012. This rapid recovery has sparked debate among traders—is it the right time to enter AI16Z, or is another drop on the horizon? As one of the top 3 cryptocurrencies in the AI Agents category, AI16Z remains a key player in the AI-driven blockchain sector. In this analysis, we explore three possible scenarios for AI16Z’s price movement and provide strategic trading insights for each. Possible Scenarios 1. Price Continues to Rise If AI16Z maintains its bullish momentum, it could break through key resistance levels and push toward higher price targets. Traders should watch these resistance points: $0.73 – First resistance level; a breakout here could lead to a stronger rally. $0.89 – A key psychological level; breaking above this signals strong bullish sentiment. $1.26 – A major resistance area; expect profit-taking around this zone. $1.64 – If momentum remains strong, this could be a mid-term price target. Pro Tips: • Enter on a confirmed breakout above $0.73 with strong trading volume. • Use trailing stop-losses to secure profits as price moves up. • If AI16Z struggles to break above resistance, consider taking partial profits. 2. Price Drops Again Despite the recent recovery, a renewed downtrend is still possible, especially if market conditions weaken. The strength of the decline will depend on volume and RSI behavior compared to February 6th. High Volume & Lower RSI: If AI16Z drops below $0.26 with increasing volume and lower RSI (relative strength index), this could indicate further downside. In this case, it’s best to stay out of the market until a new support level is established. Low Volume & Higher RSI: If AI16Z retraces to $0.26 but with decreasing volume and higher RSI, this could suggest price stabilization and the formation of a strong base. This would present an opportunity to buy AI16Z at a discount before the next upward move. Pro Tips: • Avoid catching a falling knife—wait for clear signs of stabilization before entering. • If a base forms around $0.26, consider accumulating AI16Z with a dollar-cost averaging (DCA) approach. • Watch the broader crypto market—if sentiment turns bearish, AI16Z may follow suit. 3. Consolidation Phase If AI16Z neither surges nor crashes, it may trade sideways around the 50-day EMA (Exponential Moving Average). Consolidation often precedes a strong move in either direction. Pro Tips: • Monitor support and resistance within the consolidation range. • Be patient and wait for a decisive breakout before committing to long or short positions. • Use grid trading bots to take advantage of the price range until a clear trend emerges. Final Thoughts AI16Z remains a strong player in the AI Agents crypto sector, but its high volatility demands a strategic trading approach. Whether the price continues rising, drops again, or consolidates, staying disciplined and managing risk is crucial. Patience and proper analysis will help traders navigate AI16Z’s price movements like a pro. Would you enter AI16Z now, or wait for further confirmation? Let us know your thoughts! Pro Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Ripple's Global Expansion: From Stablecoins to Strategic BankIn the ever-evolving tapestry of the blockchain and cryptocurrency world, Ripple Labs has been weaving a new thread of innovation and expansion. Over the past two months, Ripple has not only introduced Ripple USD ($RLUSD), a game-changer in the stablecoin arena, but has also stitched together strategic partnerships that span continents. From enhancing payment corridors in Portugal to securing a foothold in the Middle Eastern financial landscape with Saudi Arabia's National Commercial Bank joining RippleNet, Ripple is redefining the boundaries of digital finance. Let's dive into the ripple effects of these groundbreaking moves. Ripple USD ($RLUSD) Introduction Ripple announced the introduction of Ripple USD, a fully-backed US dollar stablecoin on the XRP Ledger, enhancing functionality and opening new possibilities for developers. Ripple USD Trading Availability Ripple USD was made available for trading on platforms like ZeroHash and Revolut, expanding its reach and utility in the crypto market. Ripple USD Launch on Global Exchanges Ripple USD was launched on global exchanges, including MoonPay, Uphold, CoinMENA, Bitso, and Archax, aiming to provide instant global payments, seamless on/off ramps, and access to real-world asset value. Partnership with Unicâmbio in Portugal Ripple entered a partnership with Unicâmbio, Portugal's leading currency exchange provider, allowing corporate customers to move funds instantly between Portugal and Brazil using Ripple Payments. New Money Transmitter Licenses in the U.S. Ripple announced the acquisition of new Money Transmitter Licenses (MTL) in New York and Texas, alongside plans for growth in customer onboarding and hiring in the U.S. Integration with Chainlink Ripple USD ($RLUSD) adopted the Chainlink standard for verifiable data to enhance DeFi adoption by providing real-time, secure pricing data. National Commercial Bank (NCB) of Saudi Arabia Joins RippleNet The National Commercial Bank of Saudi Arabia, the second-largest bank in the Middle East by total assets, officially joined RippleNet, indicating a significant move for cross-border payment solutions using Ripple's technology. With all of these announcements, XRP is still in a tight trading pattern between $2.50 USD at the upper end and $1.79 at the lower end. This tells me one thing. The large financial institutions are holding XRP trying to get as much as the can for themselves and trying to tire out the retail traders (us) so that we are out of the way. Any large corporation that had these many announcements, and high quality ones, over the last 60 days would have their stock soaring on Wall Street. Although I cannot give any financial advice, I will tell you what I am doing. I keep 30% of my XRP long because we never know when things will change and we wake up to $100 XRP tokens. The other 70%, I swing trade. I AM NOT going short, again, you don't know when you place a "short" hoping for it to go to $2.00 and then it goes to $100. I exit to USDT, wait for it to drop 3-5% and then purchase "long". My goal is to increase the number of XRP that I own. XRP is a utility token that is being adopted by major financial institutions and will eventually be a SWIFT replacement. This will one day make XRP soar to BTC values. Remember, I was the guy that purchased BTC at $0.11 and sold at $0.54. I know you might get tired of me reminding you of this, but I don't want you to miss the XRP boat and say, "I should have listened to Tim."
KRAKEN:XRPUSDLong
by MissouriTim
TradeCityPro | BTC.D The Best Way to Find Alt Season!👋 Welcome to TradeCityPro Channel! Let's go together to one of my favorite charts, which is actually a topic that has made the crypto market easier, and if it weren't for these dominances, I would probably go to analyze Forex together. 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe In the weekly time frame, Bitcoin dominance has had a very good upward trend and after the 39.40 to 47 percent box exit, this upward trend has begun, and I must also say that supply and demand There is no demand for this chart and many lines cannot be interpreted in it After the resistance level of 54.20 was broken, we were bullish the entire time and this chart was practically telling us that it is better to go and pay attention to Bitcoin itself than to be involved in buying baskets and other things and Bitcoin itself is going to give more profit during this period And another argument arises that if you pay attention, most altcoins are at their bottoms, while Bitcoin is completely above its ceiling of $69,000 compared to previous bull runs and only altcoins that were in a good position compared to Bitcoin were profitable, such as solbtc, and this shows that the time for strange profits for most altcoins has not yet come When will this happen? When the market is bullish, Bitcoin dominance starts to fall and money flows from Bitcoin itself into other altcoins, and that is when altcoins are just starting to come alive and make a good move, like in 2021. See the chart above, there is a chart that shows the fall of Bitcoin dominance in the weekly time frame, while the market has made a short correction and is going to record a new high again, and now the reaction of altcoins in this space is interesting. Now we have the chart of this event. We see that during the fall of Bitcoin dominance, it was the time when the majority of the charts started to move, and altcoins experienced a Sharpe rise, and money flowed from Bitcoin into altcoins, and the btc altcoin pair became bullish, and this shows that we are witnessing alt season. Now what happens? On the chart, I would say that we have entered the alt season? Weekly engulfing of Bitcoin dominance or a sharp decline and rest. On the other hand, I think we are at the end of the uptrend because there is really more money on altcoins and other events, and this money is staked, so we probably won't see any other numbers. On the other hand, when we reach 40%, we can say that our alt season is over! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CRYPTOCAP:BTC.DShort
by tradecitypro
10
DOGE initiated the rally that will reach $1.00DOGEUSD is forming a support base straight after it breached but rebounded and closed over the MA200 (1d) on February 3rd. The pattern throughout this Bull Cycle is a Fibonacci Channel Up and the bottom also took place on the 0.236 Fib which was were the rallies of October 2023 and January 2024 started. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.0000 (top of the Channel Up / Fib 1.0). Tips: 1. The RSI (1d) hit the 30.00 oversold level. This has turned out to be an excellent but entry for Doge long term. Please like, follow and comment!!
CRYPTO:DOGEUSDLong
by TradingBrokersView
KASUSD Channel Down bottom rebound. When to sell again?Kaspa (KASUSD) is trading within a (blue) Channel Down pattern since the July 31 2024 High. The formation only broke for 4 days last December. Last Monday, the price touched the bottom (Lower Lows trend-line) of the Channel Down and today we see the technical rebound reaction in full effect. The 1D RSI turning oversold (<30.00) is a major part of this. The current Bullish Leg should target at least the 0.618 Fibonacci retracement level at 0.12500, as all 3 previous rebounds within the long-term Channel Down did. It is very likely to see a rejection there, as it is the top (Lower Highs trend-line) of the diverging (dotted) Channel Down, which was initiated on the December 08 2024 High. We expect the bearish reversal to hit at least 0.07500, potentially at the same time the 1D RSI turns oversold again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:KASUSD
by TradingShot
2
Bitcoin Trading Thesis – February 11, 2025🔹 Current Price: $98,402 🔹 Action: OPEN LONG (Buy BTC) 🔹 Target: $100,500 📈 | Stop-loss: $96,500 🔹 Confidence Level: 85% ✅ Why is BTC Looking Bullish? ✅ Market Sentiment: Strong financial & order book indicators suggest bullish momentum. ✅ Technical Signals: RSI & MACD show upward momentum, signaling a potential breakout. ✅ Derivatives Data: Funding Rate: Positive ➝ Traders paying a premium to long BTC. Open Interest: 76,854 BTC ➝ High participation in futures, supporting bullish activity. ✅ Order Book Imbalance: Increased buy pressure from large market orders. Key Scenarios 📊 Bullish Case (Higher Probability) If BTC holds above GETTEX:98K , strong momentum could push it to $100,500 🚀. Breaking $100K could trigger FOMO buying and push prices even higher. 📉 Bearish Case (Lower Probability) If BTC fails to hold GETTEX:97K , it could retest $96,500 support before another move up. A break below $96,500 would invalidate the bullish thesis. Trading Strategy 🔹 Entry: Look for pullbacks near GETTEX:98K for better positioning. 🔹 Stop-loss: Tight risk management at $96,500. 🔹 Target: First take profit at $100,500, reassess for further upside. 💭 Will BTC finally break $100K, or will it pull back first? Drop your thoughts! 👇
Long
by titankarma
TradeCityPro | TOTAL2 BullRun Trigger Identified!👋 Welcome to TradeCityPro Channel! Let's go together to examine and analyze the Total 2 chart in the Dominance section, which includes all cryptocurrency coins except Bitcoin in its chart. 🌐 Overview Bitcoin Before starting the analysis, as usual, we wanted to take a look at Bitcoin in the one-hour time frame, but we made an interesting decision with the team guys and decided to analyze Bitcoin for you every day with a poll that we posted in Telegram. Today's analysis was also uploaded before the start of the New York session and you can see it from the link below. 📊 Weekly Timeframe In the weekly time frame, we were rejected from our ceiling, which is an important point of $1.62 trillion, and this makes the ceiling more and more important for us than ever. Let me also tell you a teaching point that I just pointed out to you on a candle on the chart, and these candles are mostly made at the market ceiling or a place where At least we are going to get rejected from it and it is an important resistance for us and they are usually red and have a longer shadow than the body from below. I suggest you watch them for a while so I can teach you. Also, if you are looking for an entry trigger for bull runs and spot purchases and anything else, your best trigger will be on the weekly time frame at 1.62 and after the break, good money will enter the market and our new primary trend will be formed and I will definitely enter myself. We also had another entry with the resistance level of 662 billion and it was mostly Ethereum, Solana and Link that we tried very hard to break 662 and be with it and I will try just as hard to break 1.62 and enter it. We are currently at the support of 1.13 and in case of a deeper market correction, we will move to the levels of 974 and 817. 📈 Daily Timeframe On the daily time frame, the total two is very good and this shows that Alt Coins above rank 30 did not make a very deep correction, and if you look at the charts that you see had a deep decline, they are still correcting, and the main reason for the chart being this way is Solana, XRP, BNB, and SUI. Also, after breaking our good daily trend line and breaking the 974 billion box ceiling, we experienced a very good upward movement and moved to the 1.55 level and the important ceiling, and we actually suffered a heavy rejection, but because it was because of FOMO, we could not count on its resistance, but the pullback and future rejection formed the important resistance price of 1.55. After forming a daily range box of 1.32 to 1.55, which we had been suffering for a while, and the recent series was very weak, and it caused us to suffer a rejection halfway through and break the 1.32 support in a sharp manner and come to the 0.5 Fibonacci support, which is very important both in terms of Fibo and also in terms of Dow. 50% correction is very important and this could be the place where the price rises We will probably stay on this support for a while and suffer and then move up and if we lose 1.17 we will go for lower levels like 1.09 and 974 billion but the most important support that should not be lost is 797 billion but there is a long way to go 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CRYPTOCAP:TOTAL2Long
by tradecitypro
9
BTCUSD: Falling Wedge close to breaking to $105.5kBitcoin is marginally bearish on its 1D technical outlook (RSI = 44.917, MACD = -782.200, ADX = 41.331) but neutral on both 1H and 4H, as it is close to conclude a Falling Wedge. Today the price held the 1H MA50 for the first time after a test of the pattern's top, which increases the chances of a bullish break out. Buy only if the break out happens and target the 2.0 Fibonacci extension (TP = 105,500), which happens to be just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BITCOIN This is what happened on the last 1D MA100 double test.Bitcoin (BTCUSD) hit yesterday its 1D MA100 (green trend-line) for the second time in 6 days and is reacting on a bullish note early today following basically 4 straight flat 1D candles. We mentioned the importance of the 1D MA100 as a Bull Cycle demand level on previous analyses. What we didn't discuss though is how BTC behaved the last time we had a 1D MA100 double test on such short time-frame. As you can see, the last time Bitcoin had a 1D MA100 Double Test within a 1-week time-frame was on October 10 2024 and the one before that on May 08 2024. The common characteristics of both those fractals was that the 1D RSI held the 43.00 level (just like it's doing today) and the price rebounded to hit the respective Resistance Zone from the previous High. Channel Up patterns emerged on both occasions, the difference is that in May 2024 BTC got rejected on the Resistance Zone, while on October 2024 it broke to the upside aggressively following the U.S. elections. As a result, we can target at least $108k on the short-term. Since long-term Accumulation Phases like March - October 2024 only take place two times at most during each Cycle (and we've already had this twice already), we give more probabilities to an extended rally like November - December to a new All Time High. Long-term traders may seek to sell these positions when the 1D RSI approaches the 85.00 profit taking level (overbought). But what do you think? Is BTC starting a rally to at least $108000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
Tricks around 102.4K targetMorning folks, So, our weekly bearish DRPO "Sell" pattern has been confirmed. It means that until market either complete its 81K target or remains under 102.5K its invalidation point - this pattern presents the risk for the bulls. With all this stuff on the table we make two decisions. First is - we cut potential upside target down to 102.4K area by two reasons. First - this is 0.618 expansion and it agrees with major 5/8 resistance level. Second - this is invalidation point of weekly DRPO "Sell" pattern. So, conclusion is follows. For long-term traders we suggest to not consider any new long positions until DRPO is valid. For short entry with DRPO - keep an eye on 102.5K area. For intraday traders we suggest that long position is still acceptable but with the new 102.4K target and very tight stop - just under 94K lows. Market has to start upside action now. If it will not happen, then it will not happen at all and weekly DRPO will start working. I mark this setup as "Bullish" because of 102.4 target. But, in general we have bearish view until DRPO stands in place.
COINBASE:BTCUSDLong
by Sive-Morten