I hope you like my new analysis format with my intraday trades. Yesterday’s trade is still actual, but if you missed, you can use this one because it has much better risk to reward.
On the 1h time frame BINANCE:BTCUSDT chart we can notice that the price is fluctuating around the teeth of the Williams Alligator indicator. It means that the market is about to explode an show us the impulse. Now we have the clear fractal signal if the price will break $23053 it can reach much higher levels. This breakout is going to be the trigger for bulls.
Moreover we have the trendline resistance above and I suppose the Bitcoin should break this level to show us the higher high before the dump. Awesome Oscillator now is aslo gaining the strength, crossed above the Moving Average. It means that the momentum is rising. Very important we have to wait for the $23053 breakout to jump into long trade. The stop-loss should be placed just under the second down fractal at $22838.
Best regards, Ivan
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no chance. the bitcoin bulls must have their spirits crushed and purses emptied. too many eyes still on the trade. lower it goes after demoralization, the bigger the profit for the market makers. Be smarter.