-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
BTCUSD H4: Key S/R levels and market outlook (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect up to 15% correction after BOUNCE.
🔸 Summary and potential trade setup ::: BTCUSD H4 chart review/outlook ::: previously broke down ::: due to price/rsi divergence ::: right now bear flagging on H4 ::: expecting BOUNCE however ::: heavy resistances overhead ::: 17800 USD 500K BTC bought ::: 18200 USD 450 BTC bought ::: heavy resistance / unlikely ::: that those levels will break ::: 16800 USD 300K BTC bought ::: 16200 USD 200K BTC bought ::: strong supports however ::: also will likely get re-tested ::: by BEARS ::: recommended strategy: SHORT INTO BOUNCE ::: near 17800 USD SL 18200 TP1 16800 TP2 16200 USD ::: SWING TRADE: SHORT/HOLD IT ::: pullback not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: MIXED ::: Sentiment short-term: BEARS/CORRECTION