bitcoin 30 000 usd advanced price fractal buy low

🔸Welcome traders, this is another update on Bitcoin, this is review of the 2 hour price chart.
Bitcoin so far generated strong reversal off the lows in 2023, and off the lows gained almost
80% in value, so clearly bulls still maintain control.

🔸Let's review the potential market structure in progress, it's possible that this is a repeat
fractal from January/February 2023. Based on the previous fractal performance we might
expect bulls to regain control near 25 500 USD and then subsequently target 30 500 USD.

🔸 The price fractal is defined by three separate stages. Stage 1 is re-accumulation.
Stage 2 is yet another re-accumulation. Finally, Stage 3 is a distribution part of the fractal.

🔸Right now we are in re-accumulation stage 1 of the price fractal. We will likely remain in
this stage until end of March, then expect volatility to pick up early April as we will transition
into Stage 2 of the price fractal.

🔸Stage 2 of the fractal is based on bear trap and stops sweep setup. So we can expect a
fake breakdown of recent range lows near 27 000 USD. Bears will pull prices down towards
the final target near 25 500 USD.

🔸Stage 2 should be complete before April 10 2023. We should bottom out near 25 500 USD.
As the price re-accumulates near 25 500 USD bulls will awaken and prepare for the strong push.

🔸The strong push projection based on previous fractal in Jan/Feb 2023 is 25 500 USD - 30 500 USD.
So this is the trade that you ultimately want to focus on. Accumulate / scoop up dips near 25 500 USD.

🔸Bulls will target re-test of strong S/R zone near 30 000 USD. Whether or not 30 000 USD resistance
will break still remains to be seen. For now let's focus on a reasonable target for the bulls in April.

🔸Recommended strategy bulls based on this fractal is to buy low near 25 500 USD once the pullback
is completed in early april

🔸Break below 25 000 USD before end of March will invalidate this setup

🎁Please hit the like button and
🎁Leave a comment to support our team!

RISK DISCLAIMER:
Trading 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.

Comment:

bitcoin bulls may target 37 500 usd overview of 50% swings