BTC Plan On 27/Jul

27 lug 2023As of today, July 27th, BTC closed the candle with a high price above 29.6k, and the RSI seems to be moving to the 45-55 zone from its low zone. Due to these factors, we could see a slowdown in the price movement today, and there is hope that it will move until it touches the trend line at around 29.6k - 29.75k zone.

If the price bounces off the trend line with a full sell candle, then we can expect it to create a candle with a long tail at the 29.1xx zone, forming a short-term bullish pattern with a Double Bottom along with the support zone below. This may also coincide with a resurrection of RSI strength, which could lead to a break out of the trend line and further movement towards higher prices. I plan to monitor this situation for about 2 days to see how it develops.

28 lug 2023

Commento

Great! It's good to hear that the plan is progressing as expected. Keeping an eye on the cumulate zone in the next few days is important, as it may indicate potential price accumulation. A strong pump-up leading to a breakout would be favorable for your strategy. Remember to continuously monitor the market and make adjustments accordingly based on any new developments. Good luck with your trading!

28 lug 2023

Commento

It's good to know that the plan is still valid, and you are anticipating the need for accumulation over one to two H4 (4-hour) sessions before the asset gains enough momentum to break out the trend line. Patience and careful observation during the accumulation phase are crucial, as it may set the stage for a potentially strong price movement.

Keep monitoring the market closely and make sure to align your decisions with your trading strategy. Should you require any further assistance or have additional updates, feel free to let me know. Wishing you the best of luck with your trading strategy!