AB to CD wave completed 4hr pin bar candle printed at current level of support 1hr also printing 2 pin bar candles, one also being bullish engulfing showing buying pressure is currently strengthening in this region
I will be looking for confirmations at my circled area Would like to see a clear 1hr break and close above 32,750 resistance (grey horizontal line) Also a retest at point of interest red line on volume profile to potentially enter in that area Also a 1hr and 4hr TL ( trend line ) cross on the RSI As current 1hr candle closes as a bullish engulfing, that will be a strong sign for a potential move up to 33,200 region for first target or higher
First target is will make for a 2:1 RR, as BTC will be retesting the symmetrical triangle that price broke out of. As there is traffic in this region, I will be closing partial position to solidify profits, adjusting stops above break even incase price rejects this region and pulls back further If price breaks back into symmetrical triangle, I will re-add to my position and adjust stops to break even
Will be looking for ALT coin entries and confluence that aligns with BTC's bullish move
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.