Will BTC Push Up Soon? The Key Level is at 65000.00 !!!

27 Agu

I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart.

At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that.


If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.

28 Agu

Catatan

Gold 4H, the "Caution Level" has been reached, I think that BTC has started ranging locally on 4H, difficult to trade based on current condition. It may possibly wants to grab more liquidity at level around 56000 in order to push up, I would personally wait for this level to be broken first, then start looking for additional confirmation signals. The BOS level at 65000 is still valid though.