TonyAiello

BITCOIN $BTCUSD - Nov. 20th, 2023

Long
TonyAiello Updated   
BITSTAMP:BTCUSD   Bitcoin
BUY/LONG ZONE (GREEN): $35550 - $49240
DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550
No sell/short zone shown.

The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Trade closed: target reached:

NEW LEVELS AND ZONES

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