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ProjectSyndicate
Apr 21, 2021 7:22 AM

BTCUSD H1: PT BULLS 57-58K USD - seek to BUY LOW (NEW)(SL/TP) Long

Bitcoin / United States DollarCoinbase

Description

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BTCUSD H1: PT BULLS 57-58K USD - seek to BUY LOW (NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: BTCUSD 1hour chart review/outlook
::: BTCUSD bulls still maintain control
::: stuck in range / accum/distribution
::: I see limited downside from here
::: next few dayss focus on buying low
::: near 52 500 USD
::: SL at 50 000 USD
::: final TP bulls will be 57-58 000 USD
::: expect target to get hit in April/May 2021
::: BULLS may buy low later for now stay out
::: higher risk setup BEARS: short near 57 000 USD
::: BEARS get ready to SHORT HIGH
::: after the bounce is completed near 57 000 USD
::: SL: recent highs
::: lower risk strat: wait for re-test of 44 000 USD
::: and then BUY LOW this may take a while
::: 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: BULLS/70-75K USD
::: Sentiment outlook short-term: BEARS/PULLBACL

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.
Comments
dragansimic171111
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Thanks.
RCTcalibre
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Thoughts on BTC medium term, next 3 months? I see a lot of top calling, you think 60s was the top?
Rawkoala
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Good one! Thanks for sharing!
ProjectSyndicate
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