This is my updated TA due to new BTC price.
Comment:
Okay, we have a reversal pin bar here
Comment:
This pin bar does not protrude the support line deeply, so the areas below this support is not retested to confirm the demand is high or low.
We need to wait for more time.
We need to wait for more time.
Comment:
BTC is climbing
Comment:
I think I dont have to say any thing :)
Comment:
Trade closed: target reached:
level 8k2 broken.
Target reached
Target reached
What we expect here is that it will bounce up to resistance at around 8k2 and break out.
This is a daily chart. So we have to wait for last the candle to finish to know exactly what the market wants to go. If it is a pin bar, we can hope for a bounce back. If its not, we need to prepare for a new break down (so dont buy here).