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Envious_
Apr 5, 2021 4:12 PM

BTCUSD Long Idea Long

Bitcoin / United States DollarCoinbase

Description

Bitcoin has aggressively broken the previous lower high and it is near the resistance area before the massive falloff on the M15, we can expect sellers to be coming in to the market now to try and correct the liquidity that Bitcoin just had. My expectation is that Bitcoin will retrace back to the area where price was ranging and then price should test the previous order block's breakers as a support and if price rejects of this level nicely and creates a higher low then we can expect a rise in Bitcoin to push above 60K. Also, price has broken most of the fractal highs and lows indicating that it wants to push further upwards. I hope this analysis helps, happy trading traders :)
Comments
rote1
you're too much
Envious_
@rote1, hahaha :)
AlkalineFX
Serious detail I love it!
Envious_
@AlkalineFX Thank you AlkalineFX appreciate the comment :) you have great easy to follow analysis which I like too
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