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BTCUSD H4: two options: BOUNCE TP 12 000 USD(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
๐ธ Summary and potential trade setup ::: BTCUSD 4hour chart review/outlook ::: stuck in trading range last few weeks ::: overall strong chart looks good ::: however 2 primary options possible ::: Option1: accum/distribution (we don't know yet) ::: buy low near 10 800 / 10 900 USD ::: SWING trade setup / patience required ::: TP BULLS is 12 000 USD - re-test mirror S/R level ::: Options2: fake breakout of trianble ::: throwback into range ::: buy low near fresh liquidity BULLS ::: TP is re-test of red dash line 12 000 USD ::: good luck traders! ๐ธ Supply/Demand Zones ::: N/A ::: N/A ๐ธ Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: RANGE/MIXED/BOUNCE ::: Sentiment outlook short-term: PULLBACK/DIPS/
@LI_wenxiang, Why not? I think what is great about this analysis is that he's saying the risk reward is not good at the current level, and you should probably wait until the price reaches ~$11,000 first. I also display a similar idea here:
I think the current market sentiment is overextended. The drop in CME institutional trader net position last week also indicates 11k is overpriced for the short term. Even though the actions in the past week broke us out of the technical downtrend, we canโt shoot up in a straight line.
What do you think of the analysis below?
CryptoCoda
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Good idea !
XForceGlobal
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Love your idea!
Sujina
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As usual u r the best excellent work..keep it up..