BTC 30.04.2021
BTC: Macro Picture Down, Micro Up.
As long as we trade above 52300, I am looking for further upside to 55550, 57680, and 62325.
If we happen to break out on the upside, this would complete some kind of an inverse HNS pattern, which would accelerate to the upside.
If we drop below 52300, look for 51200 and 47400. The risk for dropping lower is there but for me atm unlikely. If so look for 46, 44, 42k.
Summary: Overall bullish to neutral picture as we are still bound in the range. Waiting for a break of either side for clear direction. As for ETH, I will be waiting for solid setups, as current trades are pure anticipation and not confirmed at all.
Long scalps against 52300,
Shorts against 55550, 57680, and 62325, if you are looking to short something.
Happy Trading
JT
BTC: Macro Picture Down, Micro Up.
As long as we trade above 52300, I am looking for further upside to 55550, 57680, and 62325.
If we happen to break out on the upside, this would complete some kind of an inverse HNS pattern, which would accelerate to the upside.
If we drop below 52300, look for 51200 and 47400. The risk for dropping lower is there but for me atm unlikely. If so look for 46, 44, 42k.
Summary: Overall bullish to neutral picture as we are still bound in the range. Waiting for a break of either side for clear direction. As for ETH, I will be waiting for solid setups, as current trades are pure anticipation and not confirmed at all.
Long scalps against 52300,
Shorts against 55550, 57680, and 62325, if you are looking to short something.
Happy Trading
JT