Bitcoin Still Bullish Despite the Bart? 📊 | BITCOIN ($BTC)
📈📉Bitcoin saw some exciting price action in the past 24 hours, but the volatility did very little to change the bullish trajectory. In theory, the money printing, uprisings, and tech bull market should be a perfect storm for crypto (and Bitcoin especially). With a bullish chart and a bullish backstory, our outlook on BTC is bullish. Let's look at some levels for the bulls to buy.
Assuming we don't just get bullish confutation from here and instead see consolidation first, the S1 S/R flip and orderblock cluster is our first support range, but it is the S2 S/R flip and orderblock cluster range that we are looking to find support and see potential accumulation.
To the upside, we have R1 at the previous high which should act as minor resistance on the way back up, and then we have the R2 S/R flip and orderblock cluster and the R3 orderblock cluster which should see reactions as well.
The overall plan for the bulls is simple, re-accumulate / accumulate at S2 and ride the bullish correction back up to the next previous swing high that need to be retested at R3.
Resources: coindesk.com/bitcoins-price-drops-by-800-in-less-than-5-minutes + coindesk.com/bitmex-short-squeeze-bitcoin-surge
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Assuming we don't just get bullish confutation from here and instead see consolidation first, the S1 S/R flip and orderblock cluster is our first support range, but it is the S2 S/R flip and orderblock cluster range that we are looking to find support and see potential accumulation.
To the upside, we have R1 at the previous high which should act as minor resistance on the way back up, and then we have the R2 S/R flip and orderblock cluster and the R3 orderblock cluster which should see reactions as well.
The overall plan for the bulls is simple, re-accumulate / accumulate at S2 and ride the bullish correction back up to the next previous swing high that need to be retested at R3.
Resources: coindesk.com/bitcoins-price-drops-by-800-in-less-than-5-minutes + coindesk.com/bitmex-short-squeeze-bitcoin-surge
🚩Drop a comment asking for an update, we do NEW setups every day!🚩
Like, Comment & Follow to help the community grow🔥
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