BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
So folks, I'm going to share the most possible scenarios for #BTC and market's movement. 📚 There're three strategies to follow into these scenarios :
- There'll be an opportunity to take LONG on Bitcoin after confirming the breakout with a proper retest on the edge ! This could be a 13% profit rally into the higher Supply at +$43000. 📌 In this scenario you have to watch for $39600 as well; There's a local hidden resistance and it could cut the bullish wave. So you can wait for the $39600's hold above and enter LONG on other pairs as well.
- The second opportunity will be owned by bears; There's an opportunity to take SHORT and targeting the NPOC at $33400. Also we can have the taste from $41250 too ! 📌 In this scenario, You have to wait for the rejection into mentioned zone/line. Then you can take SHORT on other pairs as well.
- The third and the last strategy you can use is to wait for a rejection on the current trendline or the supply zone into 30Min's TF. In any terms of rejection you can SHORT #BTC and target $35500. In any terms of rejection below $35760; You can aim for $33400 and lower, Also you can SHORT other pairs as well ! 📌 We have the possibility for this massive rejection neither... Almost 10% of active traders went off because of Lunar new year; And so the majority is with the Asian traders whom have more potential bearishness than other sessions. So I would add the possibility into my strategy book for next days, Also have o mention that this scenario can get reactivated after a reject on $39600's hidden resistance ! 📍 In this term, For other pairs bearish confirmation; You have to wait for the rejection below $35760 to take SHORT on them.
📑 For further information in lower time-frames; You can use the chart below :
Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision.
I think the fib we placed @ order block is max its going to be the reason is the strong resistance dynamic trendline. I forget to draw it in the idea but let me put the image here.