BTCUSD medium term trend analysis

Opportune buying zone for the medium + long term BTC trend direction.

Personal algos are giving the green to buy once a bounce breaking downwards resistance is confirmed on volume.

TA looking good on all timeframes above daily.

This should be a buy and hold for atleast 2-3 weeks.

If in alts keep an eye on BTC.D downwards movement. DXY and fed announcements should also be observed in terms of FA.

Goodluck.

Comment:

Retested support zone at 14:00 GMT and bounced hard back into trajectory as expected. BTC currently outperforming alts which are currently lagging behind right now, these will offer buying opportunities once BTC settles down.

Everything still on track and positions are still open. If we hit the upper resistance zone at about 42'700 then TP 30% and look to add more longs during dips. I expect we will hit 50k again longer term which will be the critical point at which BTC confirms a continuation of the last major bullrun (potentially higher ATH), or if the bear run continues to lower lows.

I will have to re-analyse at that point but for now we are upwards.

Trade closed: target reached:

1st TP hit, took 30% profits. Will evaluate the situation again and look for TP 2 levels but HODL about 50% until we hit much higher levels long term.

Comment:

TP 2 hit at 45'000, took 20% of the remaining profits leaving in 50% of the initial investment + 20% the profit it made which I shall HODL till 50k+

Comment:

TP 3 hit earlier today at 50'000, 50% profits taken from the remaining scalp portfolio. 25% initial long remain, will be looking for a short term pullback in this zone (10%ish).