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XbtShark
Jun 24, 2021 6:35 AM

Long Btc Long

Bitcoin / TetherUSBinance

Description

As you can see we are currently sitting near the demand, After a pin bar reversal in 4H. Also we can see there is a divergence in the daily chart.

Keeping in mind we dont go near 28k where I would be out, I think this might lead us to test 46ish area where we broke down from.

Intermediary I would be aiming for the supply, near the last swing high at 40keks.

Having said that I would be carefully monitoring the Price Action at 31k area as We can consider it as a triple bottom if we see the last swing down as a fakeout, which is seen on the 4H chart.
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XbtShark
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