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BTCUSD H16: NEUTRAL OUTLOOK / range-locked 30-40K (SL/TP/NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as NEUTRAL because we are range-locked now.
πΈ Summary and potential trade setup ::: BTCUSD 16 hour chart review/outlook ::: AS ALWAYS: DO YOUR OWN DUE DILL! ::: Trouble at Binance may cause ::: more downside risk next few weeks ::: trading near range highs ::: overhead resistance / HEAVY ::: near 43 000 USD so one possible ::: option is rejection at 43K ::: BULLS should look to BUY LOW ::: near 35K USD / mid range ::: if 35K USD fails / BEARS may ::: take over short-term and price ::: can hit near 25 000 USD ::: TREACHEROUS / LOW VOLUME trading range ::: TRADERS BE CAREFUL and don't get caught here ::: recommended strategy: WAIT for re-test ::: of 35 000 USD and LONG tight SL at 33 000 USD ::: IF 35 000 USD FAILS / get SHORT TP 25 000 USD ::: broke down / re-tested the structure ::: BTC will likely trade sideways ::: limited upside beyond 43 000 USD ::: 41/43K USD will MAX OUT / and pullback ::: will resume after we MAX OUT later probably ::: within one/two weeks time ::: BULLS get ready to BUY LOW later near 35k ::: so just sit out the correction now ::: good luck traders! ::: TRADE RANGE and get paid. period. πΈ Supply/Demand Zones ::: N/A ::: N/A πΈ Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/PULLBACK/30000USD ::: Sentiment outlook short-term: BEARS/RANGE LOCKED
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