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Siddharth Giri
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Bullish
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$BTC
- It Should Hold Here.
I already opened a Long at 85700 with Stop Loss below 83500.
BTCUSDT
Perp
89,009.7
+0.83%
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Siddharth Giri
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$BTC - Double Bottom with Bullish RSI Divergence in 3D Chart. Last time #BTC created similar Double Bottom in April and after that Bitcoin made new ATH. However, this time Double Bottom is confirmed but liquidity below 80k is still not taken. Now, we have two scenarios, either BTC will give a sharp dip to take the liquidity below 80k or it will bounce without taking the liquidity. Either way, bounce is confirmed but this time new All Time High is difficult because BTC already created Double Top in Monthly Chart.
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$BTC - Stopped Out.
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$BTC - Short Setup. Price closed below trend-line in daily and rejecting from the trend-line in LTF chart. I think it will take the liquidity below Previous Weekly Low (83.7k) and Previous Monthly Low (80k) before going up.
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$BTC - 3R Profit Reached. Bounced from demand but also rejecting from Monday-Low. You can move SL in Profit or you can also close in Profit because 3R is already good. I already closed my position. Now, I am waiting for tomorrow to see what Monday is going to do after that I will share new trade setup.
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$BTC - Short Setup. Yesterday, rejected from yearly open and today rejecting from weekly open so I think it will take the liquidity below previous low before going up.
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