BTCUSD (Bitcoin)
I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200.
If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level.
In summary, my trading idea is as follows:
Entry: Buy at the sub-21500 level with a stop loss below 19500
Target: 26k
Invalidation: A sustained break below 19500
Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200.
If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level.
In summary, my trading idea is as follows:
Entry: Buy at the sub-21500 level with a stop loss below 19500
Target: 26k
Invalidation: A sustained break below 19500
Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
Comment:
this idea also held up pretty well :) kudos to those who traded with me :)
Comment:
So far this idea is working out as expected, i am expecting a pullback to 24.9k then we will go straight up :)
Comment:
so as i predicted exactly, btc got rejected from 30k we are going to visit 24.9k if that didn't workout we will probably even go lower to sub 21k level or 20k.