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#BTCUSDT $BTC BITCOIN ON THE MOVE The observation for new Int bullish chnl is going well including that small Intraday setup that moves good as well. Now we are at the edge of making this Int chnl bounce back to its top line or get broken towardsour targeted area 56500 The entry point for a buy is on rejection from Sma44 H4 TF 61500 and a bullish candle closing above it (The confirmation candle). On the other side if this support Sma44 61500 gets break and the confirmation bearish candle closing below it then we may go for sell. Note: I use H1 TF for entry purpose break rejection and confirmation Good Luck ! #Write2Earn!
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#BTCUSDT $BTC BTCUSDT NEW CHANNEL INITIALIZATION As per discussion in out previous posts price have started remaining above 62300 and started to form a bullish Int channel within D-Channel. If this Int channel continues then we may get back into A-Channel by 27-07-24. However there are certain strong resistances to be broken before we get back into the A-Channel. The sequences are 62300 (Bottom of bearish Int chnl / now at immediate support) 63300 (Mid bone of D-Channel / being strong resistance) 68750 (Top of D-Channel / being last resistance) Note:- Price have made strong bounce back from Sma200 of D1 TF at 59xxx and also from 60500 creating two strong support levels. Both of them held the price to test bottom of D-Channel 56500 (Our targeted area if you remember). CONCLUSION : The observation zone is now 63300 and 59xxx. Breaking or Rejecting will trigger the act of entry. Good Luck ! #Write2Earn!
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#BTCUSDT $BTC POSSIBLE INTRADAY SET UP The chart is self explanatory. Compare your work with it. As I do swing Trades so I am not taking it.
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#BTCUSDT $BTC UPDATE ! BITCOIN 'S U TURN As we have already discussed that this bearish move is a small term move between major bullish trend. We take chart of 26 June 2024 where 62300 was marked for a sell entry and we made a rebounce at 58xxx. Price have bounced back from Sma200 and tried to test it again but 60500 holds the price as strong support. Now if the price breaks 62300 and remains above it in this week then we may visit our next station at 69xxx. There is a medium risk buy above 62300 if few H1 TF candles holds the price above it. #Write2Earn!
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GAME CHANGER II
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