Updated $BTC chart: Buy retest of $25.9 and sell at $36-37k

Updating my idea for BTC:

The chart has become clearer over the last couple of days, I think we're close to putting in a final bottom and seeing large candle higher.

The plan is simple: Buy a retest of $25.9k. Sell around $37k.

I've marked off key resistance levels in between those levels.

I do think the move higher will happen quickly.

Everyone will be calling for higher levels than $37k, but I don't expect price to go much higher than that level, if at all.

That's where I'll be selling all of my position. I'm probably going to play this move on alts, just because I think the returns will be much higher than BTC.

Good luck. Hopefully we get that buying opp soon.

تعليق:

If the $25.9 support doesn't hold, then next supports are $25.7k, $25.4k, $25.2k and then lastly $24.8k. Wait to see a reaction before longing.

تم فتح الصفقة:

Don't know if we're going to get the retest, looks like it just wants higher from here

تعليق:

Thinking we see between $28.5k-32k next. Feels like we're about to see a large move higher.

Positive signs Heikin ashi candles are green on higher timeframes. The kumo is thick which tells me downside is limited.

تعليق:

I went to cash on this move down. Now thinking this move down plays out. Will set bids a the lower levels.

تعليق:

First resistance tapped.

تعليق:

Now second resistance tapped.

تعليق:

This idea has now fully played out.