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ProjectSyndicate
Feb 7, 2021 8:59 AM

BTCUSD H16: 32K/42K RANGE: BEST LEVELS buy low / sell high (NEW) Short

Bitcoin / United States DollarCoinbase

Description

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BTCUSD H16: 32K/42K RANGE: BEST LEVELS buy low / sell high (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
TAGGED as SHORT because I expect losses
this coming week.


🔸 Summary and potential trade setup
::: BTCUSD 16hour chart review
::: SPECULATIVE setup. do your own due dill.
::: 32K/42K range locked price action
::: bulls not letting go of the 30K S/R level
::: overall / chart still looks good
::: trading near range highs now
::: ETHUSD futures launch on CME
::: will likely provide a pullback off highs
::: higher risk strategy: SHORT IT
::: BEARS will target re-test of 32 000 USD
::: expecting short-term pullback this coming week
::: BULLS get ready to BUY LOW from mirror S/R level
::: closer to 32 000 USD
::: final TP BULLS is 44 000 +40% gains off the lows
::: tagged as SHORT as I expect losses this week
::: can't recommend buying from here
::: range lows near 30 000 USD
::: that's the best RELOAD BULLS
::: do your own due dill
::: and use proper risk management
::: TP bulls is 40 000 USD: BUY DIPS
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: be careful with high leverage
::: good luck traders!
::: BUY LOW SELL HIGH and get paid. period.
🔸 Supply/Demand Zones
::: 42K fresh supply
::: 32K fresh demand
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE LOCKED
::: Sentiment short-term: BEARS/PULLBACK
Comments
BTCINVESTING
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could go a bit lower. VMA is at 30600. 28K is also still possible imo. lets see...

ProjectSyndicate
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@btcinvests, ok
Ddvd57
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damn, elon musk fucked our whole TA apparently lol
Guapeva
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huge analysis. learned!
onelikeno1
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thanks for sharing
do you think range is valid yet?
WineTrader888
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Lol another dumb ass call. Bro your TA is shit!
deniseusan
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Good job!Master TA!!!
ProjectSyndicate
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@deniseusan, appreciate it
JohnBat
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good work, RSI shows me the same thinks
ProjectSyndicate
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@JohnBat, perfect
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