BITCOIN POTENTIAL LONG SCENARIO
Hi Everyone.
Thanks for reading my post.
Looking at the current price level that BITCOIN has pierced through which is the Low of 28850. This is a Bold INTERMEDIATE DOWN TREND LOW and piercing slightly below it to 26700 and recovering back above it has open a significant door to Long Opportunity.
I believe BTC is a Long term UPTREND and we have hit a level that if held i.e 28850 as it is currently holding am calling a BUY OPPORTUNITY IN the BTC to at least 39K to 40K region in the near term.
Couple with the fact that the last 2 weeks volume started to dry up from about 900K plus 3 weeks ago to 300K plus 2 weeks ago and 400K plus last week, it is glaring the SELLING PRESSURE has eased.
My SWING TRADE CHART POSITION on 4 hour chart has seen some clear END of DOWN AUCTION pinbar or Single Prints on DAILY and 4 Hour Chart.
Also my hourly Chart has tested the some liquidity lows or Support levels and grabbed some liquidity which is an important part of the Order Block Manipulation and Liquidity grab @ lows between the 28900 and 28600 region.
Am calling a BUY OPPORTUNITY around a retracement back to 29400/200 buying zone.
I am believing if price trades below 28000 then I will be reanalysing this BUY OPPORTUNITY which makes it my Stop Area.
I am targeting at least 39K to 40K price level with this call.
Happy and safe trading,
Thanks you all.
Thanks for reading my post.
Looking at the current price level that BITCOIN has pierced through which is the Low of 28850. This is a Bold INTERMEDIATE DOWN TREND LOW and piercing slightly below it to 26700 and recovering back above it has open a significant door to Long Opportunity.
I believe BTC is a Long term UPTREND and we have hit a level that if held i.e 28850 as it is currently holding am calling a BUY OPPORTUNITY IN the BTC to at least 39K to 40K region in the near term.
Couple with the fact that the last 2 weeks volume started to dry up from about 900K plus 3 weeks ago to 300K plus 2 weeks ago and 400K plus last week, it is glaring the SELLING PRESSURE has eased.
My SWING TRADE CHART POSITION on 4 hour chart has seen some clear END of DOWN AUCTION pinbar or Single Prints on DAILY and 4 Hour Chart.
Also my hourly Chart has tested the some liquidity lows or Support levels and grabbed some liquidity which is an important part of the Order Block Manipulation and Liquidity grab @ lows between the 28900 and 28600 region.
Am calling a BUY OPPORTUNITY around a retracement back to 29400/200 buying zone.
I am believing if price trades below 28000 then I will be reanalysing this BUY OPPORTUNITY which makes it my Stop Area.
I am targeting at least 39K to 40K price level with this call.
Happy and safe trading,
Thanks you all.
Feragatname
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