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