-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
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BTCUSDT H2: 30K USD BUY LOW. Range locked.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because this is a speculative
setup . BUY LOW / SELL HIGH
buying near range lows is a low risk strategy.
🔸 Summary and potential trade setup
::: BTCUSDT 2hour chart review/outlook
::: AS ALWAYS: DO YOUR OWN DUE DILL!
::: mid range/ locked inside range now
::: focus on trading range lows/highs
::: low next few weeks
::: previously compression into
::: broke down / re-tested the structure
::: BTC will likely trade sideways
::: limited upside beyond 42 000 USD
::: 41/42K USD will MAX OUT / and pullback
::: will resume after we MAX OUT later probably
::: within one/two weeks time
::: Bulls should wait for the BEAR structure
::: to complete now, buying later near 30 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: BEARS can re-short near 41K USD
::: until we hit 30 000 USD later in July 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 30k
::: so just sit out the correction now
::: good luck traders!
::: TRADE RANGE and get paid. period.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/30000USD
::: Sentiment outlook short-term: BEARS/RANGE LOCKED
Trading Crypto, , 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.