BTCUSD D1: 30% gains BEST levels to BUY/SHORT Bitcoin (UPDATE)

13 Okt 2021

Oct 4
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BTCUSD D1: 30% gains BEST levels to BUY/SHORT Bitcoin (UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BTCUSD D1 chart review
::: updated/revised outlook
::: risk now shifts in BEARS favor
::: limited upside from here
::: for now we are locked in range
::: upside limited by fresh supply
::: 53 000 and 54 000 will cause resistance
::: also 31 000 USD flip price level
::: BULLS might look for a REVERSAL play
::: bulls seek to buy low from my level
::: expecting BOUNCE off 31 000 USD
::: BUY LOW near 31 000 TP is 55 000 USD
::: BEARS should focus on SHORTING from
::: overhead/fresh supply zones near 54 000 USD
::: to complete the sequence
::: near 32 000 / 30 000 USD later
::: expecting complex correction however
::: beyond 30 000 downside is LIMITED
::: 30 000 USD strong / confirmed S/R ZONE
::: recommended strategy: BULLS BUY 31K exit 55K
::: recommended strategy: BEARS SHORT 54K exit 35K
::: as always DO YOUR OWN DUE DILL
::: bull run not over yet
::: good luck traders!
🔸 Supply/Demand Zones
::: 54 000 / 55 000 USD fresh supply zones
::: 31 000 / 30 000 key S/R BULLS
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: MIXED/RANGE
::: Sentiment short-term: BEARS/PULLBACK

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