Trader_Needs

Bitcoin Trade idea

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
💸 #BTC (BItcoin)💸
📊 15min
⚠️Limit order
🟢Buy Level: 27050$-26950$-26850
❌StopLoss:26650$

15m TF. For the last two weeks, BTC has been trading in the 26300 and 28300 channels. These prices are very strong support and resistance levels. During the last Asian session, BTC rose sharply to 27,500, forming the FVG zone on the 4H chart from 27,000 to 27200.

1. Descending
From the current indicators, the price moves down to the level of 27000, covers the 4H FVG and continues to move to the levels of 25800 - 26300.

2. Ascending
From the current indicators, the price is adjusted closer to the level of 27000, closes 4H FVG and returns above 27200. In this case, we can consider further movement to the level of 28300. We are waiting for the exit for 29k, because this is considered an exit from the descending channel
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📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:22
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👤 Analysis By @Jack_Of_Alll_Trades
📅 05.23.2023
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