BTC heading towards new ATH or not yet?
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Bullish scenario.
BTC price finally broke out through the resistance we had at 63k-64k. And the ranging channel also we had - broken out to the upside. Nice strong H4 close also above 64k
Scenario 1 – Looking for continuation and a H4 close above 67200 for new ATH.
Scenario 2 (more likely) – If price pulls back to retest previous resistance that should act now as support, I will be adding to my long position on BTC that I have opened at around 61k on a test of PWH and the support zone at 63-64k.
I do not want to see BTC to close on the H4 bellow the Support. Unless it will be just a fake out.
Will be watching how Mondays range develops and tomorrow should have a clearer picture.
for now, all looking nice and strong.
Lowest price I want to see go is 62k at the MO and continue up towards new ATH.
Bearish scenario.
Scenario 3
If we get a close bellow 64k and price will hold under – then this small pump will be a fake out and close under S/R will be a deviation and my price target will be around 53500. As there is also a small FVG (fair value gap).
Will be watching PA and see what happens on the levels I mentioned. Updates to follow
https://www.tradingview.com/x/9jDkVJbc
https://www.tradingview.com/x/DAZMdjNc/
BTC price finally broke out through the resistance we had at 63k-64k. And the ranging channel also we had - broken out to the upside. Nice strong H4 close also above 64k
Scenario 1 – Looking for continuation and a H4 close above 67200 for new ATH.
Scenario 2 (more likely) – If price pulls back to retest previous resistance that should act now as support, I will be adding to my long position on BTC that I have opened at around 61k on a test of PWH and the support zone at 63-64k.
I do not want to see BTC to close on the H4 bellow the Support. Unless it will be just a fake out.
Will be watching how Mondays range develops and tomorrow should have a clearer picture.
for now, all looking nice and strong.
Lowest price I want to see go is 62k at the MO and continue up towards new ATH.
Bearish scenario.
Scenario 3
If we get a close bellow 64k and price will hold under – then this small pump will be a fake out and close under S/R will be a deviation and my price target will be around 53500. As there is also a small FVG (fair value gap).
Will be watching PA and see what happens on the levels I mentioned. Updates to follow
https://www.tradingview.com/x/9jDkVJbc
https://www.tradingview.com/x/DAZMdjNc/
Giao dịch đang hoạt động
Still in my long. Read the new Idea Ive posted today for the update and what im looking for.
Trade safe, stay safe and do not over leverage.
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