BTC/USD BUY LIMIT
ENTRY 1 $8,286 & ENTRY 2 $8,068
SL $7,840
TP.1 $8,686 & TP.2 $9,068
TP.3 $9,468 & TP.4 $10,000
TP.5 10,468
some important retracement levels related to the pair’s trading ranges from earlier this year including bases around the 6430.00, 6854.67, 7671.00, and 8216.71. One of the tightest ranges that traders have been monitoring is the move from 8216.71 to 10522.51 and have noted that Stops were reached below the 9878.34, 9641.69, and 9369.61 levels. The next downside retracement levels in that range included the 9097.53 and 8760.88 areas, and they have been triggered over the past couple of trading sessions.
A broader range that traders are watching is the move from 7671.00 to 10522.51 where Stops have been elected below the 9849.55 and 9433.23 levels. The next downside retracement level in that range includes the 8343.96 area. Likewise, an even broader range that traders are watching is the move from 6854.67 to 10522.51. Stops were triggered below the 9656.80 level during the move lower, and the next downside level in that range was the 9121.40 area. Similarly, Stops were reached below the 9556.68 area, representing the 23.6% retracement of the move from 6430.00 to 10522.51. The next downside retracement level in that range was the 8959.17 area, followed by the 8476.26 area.
Price activity is nearest the 50-bar MA (4-hourly) at 9491.40 and the 50-bar MA (Hourly) at 8919.42.
Technical Support is expected around 8447.96/ 8062.25/ 7963.25 with Stops expected below.
Technical Resistance is expected around 9121.40/ 9370.00/ 10534.04 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
ENTRY 1 $8,286 & ENTRY 2 $8,068
SL $7,840
TP.1 $8,686 & TP.2 $9,068
TP.3 $9,468 & TP.4 $10,000
TP.5 10,468
some important retracement levels related to the pair’s trading ranges from earlier this year including bases around the 6430.00, 6854.67, 7671.00, and 8216.71. One of the tightest ranges that traders have been monitoring is the move from 8216.71 to 10522.51 and have noted that Stops were reached below the 9878.34, 9641.69, and 9369.61 levels. The next downside retracement levels in that range included the 9097.53 and 8760.88 areas, and they have been triggered over the past couple of trading sessions.
A broader range that traders are watching is the move from 7671.00 to 10522.51 where Stops have been elected below the 9849.55 and 9433.23 levels. The next downside retracement level in that range includes the 8343.96 area. Likewise, an even broader range that traders are watching is the move from 6854.67 to 10522.51. Stops were triggered below the 9656.80 level during the move lower, and the next downside level in that range was the 9121.40 area. Similarly, Stops were reached below the 9556.68 area, representing the 23.6% retracement of the move from 6430.00 to 10522.51. The next downside retracement level in that range was the 8959.17 area, followed by the 8476.26 area.
Price activity is nearest the 50-bar MA (4-hourly) at 9491.40 and the 50-bar MA (Hourly) at 8919.42.
Technical Support is expected around 8447.96/ 8062.25/ 7963.25 with Stops expected below.
Technical Resistance is expected around 9121.40/ 9370.00/ 10534.04 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.