Long

BTCUSD Defying a further pullback. Too bullish at Mid 75k

Zaktualizowano

https://www.tradingview.com/x/c3ou8Bcr/

Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.

Zlecenie aktywne

Double tops retracements right now on BTCUSD.
Won't be long until price breaches this to the upside.
This trade LONG BTCUSD is for the continuation of bullish momentum to the upside.
Also price is past a big psychological number 75,000.
Bitcoin has also recently made an all-time high smashing through the March 24 previous high
BUY BTCUSD up to 75,100
SL: 74718.
If you are accumulating in the Crypto bull-run you won't need a Stop Loss.
Be aware of Stop hunts on deep Fib retracements, where I will often temporarily remove my Stop. How often do you see your STOP LOSS targeted before price quickly moves higher....

Uwaga

Price as I mentioned above might retrace somewhat due to Double tops up to 30m timeframe.
I see price getting a bounce upwards soon. It may not be huge movement upwards in price as the longer term timeframes need to align more with the lower ones. But lets face it BTCUSD is now in breakout territory so a big move upwards notwithstanding the charts price-action may be on the cards here.

Uwaga

I hope you took-off and temporarily removed the stop loss because stop hunting has just occurred at 74718.
Best way to play this now is to buy at current levels or wait for the break above 75250 or wait for retracement and test of this 75250 level.

Uwaga

It's looking good for higher prices.
Needs to break above a TOP2 on daily 76522 for it to move higher. If 76522 is not taken out then this could turn to a Top3 and a small sell-off retracement could commence.

Uwaga

76,176 recently rejected & this is moving up fast now to retest the HIGH set a day or 2 ago.

Uwaga

There is a TOP2 all the way up to a 2hr timeframe. Bitcoin is trying to reject being sent lower. I would wait until price breaks through this level. If price does move further lower this would only create another Buying opportunity.

Uwaga

Def a move higher here I feel.
Levels to break above are the TOP2 at 76,450ish & All-time-high set recently 76522.
It's my feeling that Bitcoin should really breakout above price 76522.
Price tried to retest the old breakout price set in March, the last couple of sessions and hence the move down a bit, but price has decided to move up and test a break of latest high 76,522

Easy_Explosive_Trading

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