BTCUSDT.P POTENTIAL LONG/SHORT Opportunities
BTCUSDT.P POTENTIAL LONG/SHORT Opportunities
Bitcoin is currently consolidating according to the weekly timeframe/external structure. However, when we look at the internal structure, we can clearly see swings where BTC recently formed a bullish SPA in the price range of 64,500-62,400. This resulted in a significant pullback in the market. However, we should not ignore the equal highs on the daily timeframe and the HTF OBs, which are also sources of compression. We should keep in mind the price level of 72,500-73,800, which could potentially give us a significant rejection.
ENTRY =73850
STOP LOSS =74960
1ST TARGET=66676
2ND TARGET =65419
3RDTARGET = 63430
LONG SIGNAL WILL BE SHARED LATTER
https://www.tradingview.com/x/wS9kAPR9/
Bitcoin is currently consolidating according to the weekly timeframe/external structure. However, when we look at the internal structure, we can clearly see swings where BTC recently formed a bullish SPA in the price range of 64,500-62,400. This resulted in a significant pullback in the market. However, we should not ignore the equal highs on the daily timeframe and the HTF OBs, which are also sources of compression. We should keep in mind the price level of 72,500-73,800, which could potentially give us a significant rejection.
ENTRY =73850
STOP LOSS =74960
1ST TARGET=66676
2ND TARGET =65419
3RDTARGET = 63430
LONG SIGNAL WILL BE SHARED LATTER
https://www.tradingview.com/x/wS9kAPR9/
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