🟡Update #BTC April 22
- Weekly T-F: close the hammer candle with the candlestick, after touching the 60k support area, it bounces strongly and the candle dings near the 65k area, showing that the price support in the 60k support area is quite strong.
- Daily T-F: BTC dropped the 60k area 3 times and created a reversal candle with average daily volume and is currently closing to the dynamic resistance area at EMA 34 at 66k-66k5. Currently BTC is sideways in ema 34-89
➡️ In my opinion, at this stage, BTC will return to around 62k3-62k8, then up to 67-68k, there is a resistance there and there is a CME gap there and a strong dump to 57k. The immediate plan is to reach 67-68k this week first.
- BTC.D: still following the plan I said at the beginning of last week when retesting the 55% zone, now we will need a reversal signal to retest 60% => alts adjust down
- Total 3 is still going according to the drawn plan and at this rate I'm waiting for total 3 to reach around 550B to continue catching the hodl port.
➡️Summary: In this part, I still maintain the opinion that BTC will find 57k then 52k and a total of 3 at 550B to continue buying the spot.
Futures: you should limit shorting alts in this section and if you bet, go long BTC
💵Long #BTC:
Entry: around 62k3-62k8
STL: Close H4 candle below 62k8
TP: depends on your mouth