-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: BUY LOW TP 42 000 USD(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. READ entire idea before executing any trades. tagged as LONG because I expect reversal from 30 000 USD / range lows of the channel.
🔸 Summary and potential trade setup ::: BTCUSD 4hour chart review/outlook ::: updated outlook still valid today ::: recommend to BUY LOW ::: best reload BULLS near 30 000 USD ::: SL fixed at 28 000 USD ::: stuck in range - within channel structure ::: buying low with a tight stop makes sense ::: bounce required however most likely ::: selling will resume after we hit 42 000 USD ::: speculative setup do your own due dill ::: use a tight stop loss do not overleverage ::: final TP bulls will be point D 162 extension ::: 42 000 USD / 43 000 USD point D 162 ext ::: BULLS focus on buying low near 30 000 USD ::: BEARS get ready to short from 42/43K later ::: both sides use a tight stop loss ::: overall, fits into the bigger picture ::: that I've posted recently (5 waves DOWN) ::: good luck traders! ::: BUY LOW / SELL HIGH and get PAID! 🔸 Supply/Demand Zones ::: 30 000 USD fresh demand zone ::: 42 000 USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS ::: Sentiment outlook short-term: /reversal / BULLS / BOUNCE
RISK DISCLAIMER: Trading Crypto, 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.
Keep Being Great Project Syndicate...you aee by far at the top of my check in list!
cedevita
⋅
update please
LordOfBitcoins
⋅
What is your opinion now since it didn't go to 29k. It has strength to keep going up to 47k or will crash soon?
newbienxx
⋅
Thanks for sharing, do you think cycle top was at 64k and bullrun is overed??
ProjectSyndicate
⋅
@newbienxx, great question but there is no easy answer. was a heavy rejection on
the monthly chart, so probably at least more time required before we get a new ATH.
at least few more months of pain though.
ProjectSyndicate
⋅
@newbienxx, for now it's best to focus on the short-term bounce plays in crypto.