BTC/USDT | Explosive if a peace deal signed! (READ THE CAPTION)

Apr 7

By analyzing the 4H chart of BTC we can see that after it reached the 70,351 level last night and going a bit higher than the 4H FVG High, it dropped again to below the FVG and reached 68,273, and then bounced back up and is currently being traded at 69,150.

The good news for BTC is that it is breaking its 3-months downtrend, and should there be ceasefire or a peace deal to the war, we could see an explosive upwards move from Bitcoin.

Now, if BTC goes back inside the 4H FVG and above the FVG's Consequent Encroachment at 69,650 and stabilize there, it could go for the 70k level again. And if it breaks above the FVG High strongly, it could go above the 71,500 level. A peace treaty or ceasefire could pump bitcoin all the way to 74,000 level!
Targets: 70,000, 71,000, 72,000, 73,000 and 74,000.

However, if BTC fails at retesting the 4H FVG, it could drop to the 67,964 level which is the IFVG high, and if it fails to keep itself above the Consequent Encroachment at 67,450, it could drop further to the 66,961, and if it falls below the IFVG, next target for it will be at 65,700.
Targets: 68,000, 67,500, 67,000, 66,500, 66,000 and 65,700.

7 days ago

Trade active

So far Bullish TP3 has been reached!