ProjectSyndicate

BTCUSD H8: PT BULLS 70-75K USD - seek to BUY LOW (NEW)(SL/TP)

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD H8: PT BULLS 70-75K USD - seek to BUY LOW (NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

IMPORTANT NOTE2: Break below 48 000 USD
voids the bullish outlook for BTCUSD.

🔸 Summary and potential trade setup
::: BTCUSD 8hour chart review/outlook
::: BTCUSD getting overextended now
::: nice progress so far exactly same
::: as summer 2020 fractal
::: CORRECTION NOT OVER YET!
::: focus on buying low later
::: 3-4th week of may near 48 000 USD
::: final TP bulls will be 70-75 000 USD
::: expect target to get hit in August 2021
::: potential/speculative complex correction
::: similar to the May/June 2020 correction
::: a/b/c/d/f/e/f/g corrective structure
::: BULLS may buy low later for now stay out
::: lower risk strat: wait for re-test of 48 000 USD
::: and then BUY LOW this may take a while
::: for price to hit near 48 000 USD (4-6 weeks)
::: keep in mind that summer is weak period for BTC
::: for BTCUSD based on last 10 years WEAK gains (FLAT)
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/48000USD
::: Sentiment outlook short-term: RANGE/MIXED
::: Sentiment next 3 months: BULLISH/75K USD August 2021

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

MY LINKS OVERVIEW
🟡 TAPLINK.CC/PRSYNDICATE
75% WINS FREE/PREMIUM SIGNALS TELEGRAM
🔴 T.ME/THESYNDICATE001
LIFETIME BUNDLE FX/CRYPTO
🟡 SYNDICATE001.CC/
FREE GOLD TRADING SIGNALS
🟡 T.ME/SYNDICATEGOLD001
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.