BTC/USD - so, is the correction over? Current formation
Hello, Traders!
After the pressure from the Sellers, BTC went under the uptrend and tested the lower boundary of Buyers' liquidity buffer - the level of 30820$.
At the moment the buyers are stopping the sales in the range of $30820-33600.
We can consider entering the position and purchase BTC in the range between $32000-32500
It is reasonable to place SL near the level of $31000
After the price exceeds the level of 33600$, the retest of the uptrend is expected.
Therefore, the buyers' targets will be the Fibo levels:
$33842
$35400
$36957
Good luck and watch out for the market!
P.S. This is not a piece of financial advice but only trade I would consider myself
After the pressure from the Sellers, BTC went under the uptrend and tested the lower boundary of Buyers' liquidity buffer - the level of 30820$.
At the moment the buyers are stopping the sales in the range of $30820-33600.
We can consider entering the position and purchase BTC in the range between $32000-32500
It is reasonable to place SL near the level of $31000
After the price exceeds the level of 33600$, the retest of the uptrend is expected.
Therefore, the buyers' targets will be the Fibo levels:
$33842
$35400
$36957
Good luck and watch out for the market!
P.S. This is not a piece of financial advice but only trade I would consider myself