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angela_altair

BTCUSDT at dailly support, likely to head to 28176-28266

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
angela_altair Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT BTCUSDTPERP btcusdtlong btcusdtbuy btcusdttrade
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trendanalysis chartpattern indicator btcusd btcusdt btcusdtperp btcusdtlong btcusdtbuy btcusdttrade
The price has hit the daily support and likely to bounce from there. A long is favorable here. The target should be 28176-28266.
Comment:
The price has dipped below the support but that's okay. I am adding some size here and moving the stop loss a bit further down.
snapshot
Comment:
The price action seems good. Added some more size at the retrace to 27450 as the indicators supporting that as a good retrace level for next leg up.
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Comment:
The price is moving steadily to the upside. 27892 zone can be a bit of struggle if not crossed with momentum. But lets see, so far its going well as planned.
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Comment:
Also reduced the size added at lower prices. And stop loss set to 27436.
Comment:
Since the price could not sweep the lows and bounce well before that, I think long is still favorable and therefore I am long again and all the levels remain valid.
Comment:
And here is the chart once again:
snapshot
Trade closed: target reached:
So the price hit our target of 28266 after testing our patience. The price has is being pushed back from there. Lets monitor it for a while to look for another setup.

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