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Thursday, July 22, 2021

BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)

BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

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BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern .


๐Ÿ”ธ Summary and potential trade setup
::: BTCUSD daily chart review/outlook
::: still valid as of right now
::: very slow / range locked price action
::: noteworthy compression
::: weak bounce in progress upside limited
::: heavy resistance at 35 000 USD
::: caps any upside / gains on the bounce
::: still eyeing re-test of 20/ 25K USD
::: expecting breakdown of key S/R level
::: latest data and price action
::: GBTC fund unlock may cause high vola
::: BTC challenging 30 000 USD key S/R level
::: potential/speculative complex correction
::: if BEARS take out 30K S/R level more losses
::: HIGH VOLA warning / uncertainty this weekend
::: I recommend to stay out and look for a better
::: entry price after the GBTC unlock event
::: BULLS may start looking for BOTTOM BUY
::: near 20 000 USD / 25 000 USD s/r levels
::: recommended strategy right now
::: STAY OUT / WAIT for a better price to BUY LOW
::: recent price action suggests more losses
::: BTC failing to maintain S/R levels this is BAD
::: generally summer time is also weak seasonal period
::: for BTCUSD based on last 10 years WEAK gains (losses)
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/25000USD
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.



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