#BTCUSDT Possible area for Bounce...

22 апр. 2022 г.

BTC managed to pump towards the 43k level but could't sustain the growth.
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!

Invalidation:- Close below the red line ($36,629)

Let me know what you think.

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Thank you

#PEACE

22 апр. 2022 г.

Сделка активна

On support, can POTENTIALLY WICK to the downside to liquidate the late longs and trap the late shorts.
Still valid and on track.

23 апр. 2022 г.

Сделка активна

#BTC :- Possibly a Liquidation wick is incoming, be careful if you are holding long positions on leverage.
Bulls are likely to get a nice long entry around 37.5k to 38.5k.