BTCUSDT [ BITCOIN ]
After the breakout of #headandshoulder #pattern on 1st Aug btc price drop $23360 to $22674 which is strong support on 4h #timeframe. Price rejected this level of support multiple times and we see #doublebottom market structure.Now price coming back to resistance of the zone in which price is moving from last 3 days. $23360 / $22674 [zone].
What next in bitcoin?
Price is testing its strong supply area multiple times. and another small consolidation we see from 23400-23257 so this seems like #bulls hold this level and we see breakout of this resistance level.
If breakout happend you can go long with tha targets of $23852 and $24326 31july supply zone.
Your stop below this small range zone which is $23115
INTRADAY
ENTRY After breakout of yellow resitance.
TP1 /23852$
TP2 /24326 $
SL /23115$
R.R RATIO 1:3
If break below the small range 23100$
than you short btc for the target of 22500$
sl 23500$
R.R RATIO 1:1
#thetradingclub
#cryptoanalysis
#bitcoinpump
What next in bitcoin?
Price is testing its strong supply area multiple times. and another small consolidation we see from 23400-23257 so this seems like #bulls hold this level and we see breakout of this resistance level.
If breakout happend you can go long with tha targets of $23852 and $24326 31july supply zone.
Your stop below this small range zone which is $23115
INTRADAY
ENTRY After breakout of yellow resitance.
TP1 /23852$
TP2 /24326 $
SL /23115$
R.R RATIO 1:3
If break below the small range 23100$
than you short btc for the target of 22500$
sl 23500$
R.R RATIO 1:1
#thetradingclub
#cryptoanalysis
#bitcoinpump
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