BTCUSDT Market Analysis| Bullish Trend
Hi there,
BTC has been making surprising moves lately, seeming to head in one direction when it's not. We'll give it a last look.
We have a complete ABC-D pattern. (E) is always shorter than (D), but (F) is the longest wave. (F) to (G) is the longest and most unpredictable wave, which is where we are now.
Inside the box, the range between 98,239.23 and 103,938.19 is an ideal buy area for (G).
(C) to 81,325.79 is highly unstable but attractive for bears. That makes an ideal stop loss (SL) to be anywhere far away from 81,325.79.
The price can spike due to weekly candlestick positioning, so it's a high-risk setup.
* Overall, the directional bias and trend are bullish.
Happy season and best wishes.
Khiwe.
BTC has been making surprising moves lately, seeming to head in one direction when it's not. We'll give it a last look.
We have a complete ABC-D pattern. (E) is always shorter than (D), but (F) is the longest wave. (F) to (G) is the longest and most unpredictable wave, which is where we are now.
Inside the box, the range between 98,239.23 and 103,938.19 is an ideal buy area for (G).
(C) to 81,325.79 is highly unstable but attractive for bears. That makes an ideal stop loss (SL) to be anywhere far away from 81,325.79.
The price can spike due to weekly candlestick positioning, so it's a high-risk setup.
* Overall, the directional bias and trend are bullish.
Happy season and best wishes.
Khiwe.
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