BTC - What to expect on US open? Should we long?📈

2022년 7월 29일

BTC has shown quite a growth after FOMC meeting which I predicted in my last BTC post.
Many ask what to do now?

On the chart I drew 2 scenarios
1. Ideal scenario is we take stoplosses of bulls first, volume appears at bottom and then we have fuel to go up
2. We squeeze to the level, hunt local stoplosses but buyer will be too strong and will hold the price, eventually pushing throught the level.

Why I think the level should be broken?
Next time we will touch it for the 4th time. We already had two different false breakouts.
On the last false breakoutwe formed nice hourly pinbar, over which a lot of bears hide their stoplosses.


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones