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Gravity-Traders-Academy
Sep 4, 2023 9:34 AM

BTCUSD Update | Long Term Buy  Long

Bitcoin / US DollarBinance

Description

"I'm considering a long-term buy on BTCUSD. The reason for this is that on the daily chart, it recently hit a Buy-Side Liquidity (BSL) zone at around 31,200 and experienced a significant drop. Currently, it's approaching the Sell-Side Liquidity (SSL) zone at 24,792. I anticipate that it will either bounce back after touching the SSL or after completing a retest. The Daily COG line is at 23,032, and it's close to the Warm Hole(WH), which adds to my confidence in this trade. Therefore, I'm looking for a buying opportunity during this dip.

Please let me know what you think about this idea in the comments, and if you find it helpful, please support it by hitting the like and follow buttons."
Comments
pullbacksignal
agreed
Gravity-Traders-Academy
@pullbacksignal, thank you
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