dnj_cal
Short term i will wait apt to break diagonal trendline and to break 8.77$ level once that happen it can go easy to 10.8$. Also there is chance to make another leg down something around 7.61$ Thats my view on the short term. This is my own analysis nor financial advise or anything like that just Dyor before make any action or your own trade. With Respect your Rhino.
I'm personaly deep ball into apt. That doesn't mean that's good decision. Till apt don't break above 10.8$ level it can heading down and more down. So there is always few kind of traders. Traders which trade with confirmation in that case i will buy apt only once it break 10.8$ level and hold above that level atleast 2-3 candlesticks on 4h timeframe. DCA or Knife...
Current we are in support are between 26.5k - 27.1k if we lose this level we are heading slowly into another support area which is area between 25.5k - 24.3k that should be Must bounce area otherwise btc will be in the big trouble to risk new low in the play. Bullish case would be if we break 30k and hold above that price for 2-3 candlestick on 12hours timeframe....
Confluence zone 0.61 - 0.7 fib level. Also support resistance trendline in that area. Moving Averages also 7/21 acting as support/resist. Bull market would be when ma7 above ma200 + Macd Bull above bear Buy zone should be good : 3880sats - 4283sats Breakout level - 4440sats. Confirmation for breakout - above 5000sats for 3-4candle close 12h timeframe or...
To much confluence between 11.77- 11.20 probably there would be very big buy and from there we will atleast got bounce of 5-10% Solid resistance: 12.6 Main resistance : 13.4 Last Resistance: 14.9 We are going step by step. To be honest for me this is swing trade to mid term. I will hold it till it don't hit my tp around 25-27$
To much confluence between 11.77- 11.20 probably there would be very big buy and from there we will atleast got bounce of 5-10% Solid resistance: 12.6 Main resistance : 13.4 Last Resistance: 14.9 We are going step by step. To be honest for me this is swing trade to mid term. I will hold it till it don't hit my tp around 25-27$
If btc lose 23k that would be bearish breakdown and it will heading to 22054$ - 21695$. If btc break 23836 that would be bullish breakout and it will lead btc to new high probably around 25946$ - 26292$ I personaly leading bullish because that is better RR setup ! What we can do here? Put alerts on 23k and put alerts on 23836$ once we got alert we will know...