XBT/USD : Last week's range

7 apr 2022

XBTUSDBTCUSDT
Hello everyone 😃
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Current BTC's moving into a last week's range and There're couple of possible scenarios to keep an eye on them :
- Possible Deviation and pullback above $44500.
- Rejection below $43300's support zone and create another opportunity to take Short.
- Continuation for Short and rejection below $41000.
There're the topics that I'm going to talk about; Follow me 👇🏼


📈 Possible Deviation and pullback above $44500 :

If we got the break-out above the Fib's 50%, Then the deviation would be confirmed !
Be noticed that we need those candle closes above the mentioned line to confirm the deviation...
- The Long's trigger should be located on a proper retest of $44365's wick's S/R line.


📉 Rejection below $43300's support zone and create another opportunity to take Short.

If we get the rejection below the deviation zone; Then I'll be searching for a Short position.
Be noticed that we need to have the rejection before any action...
- The Short's trigger should be located on a proper retest of $43300's S/R zone.


📉 Continuation for Short and rejection below $41000.

In continuation of the Short's position.
If we get the rejection below $41000's S/R zone, Then we can have our other Short position into $37000's support zone !
- The Short's triggers should be located on a proper retest of $41000's S/R zone and $40300's S/R line.


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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades