BTCUSD 4h LONG til THIS IMPORTANT LEVEL AND THEN SHORT to this.

15 Jul 2021

BTCUSD 4h LONG til THIS IMPORTANT LEVEL AND THEN SHORT!!!!! - I believe we finished our impulsive downside move and now we're going to retrace. I have 4 possible scenarios that can play out. Scenarios 1-3: We retrace to one of these three levels and come back down to our next target (Around $30,400) where we can TP and move down our S/L (Take profit at ALL LEVELS, THIS IS JUST A KEY LEVEL @ Around $30,387). Scenario 4: We break through all of these retracements levels and reverse our trend to the upside. (I personally don't think that breaking these levels and retracing at the 0.786 is a realistic possibility but everything can happen, as well as we can retrace at one of the 3 levels and not reach $30,400 which is why I recommend taking profits at all levels in between.) DO YOUR OWN TA BEFORE ENTERING TRADES, THIS IS AN IDEA AND NOT FINANCIAL ADVISE.