BTC Long - Good risk / reward

11. Okt. 2023

In my previous post, you'll see i was bullish on BTC before the whole middle east conflicts. I think this is an even better buying area as its currently is retesting support after the previous breakout. Theres a lot of panic going on, taking the opposite side of the trade has upside here.

If this area does fail. I will be looking toward the 25.4 - 25.6k region.

11. Okt. 2023

Kommentar

additionally, buy vs sell volume on the daily is how i expect it would look signaling a reversal in Mid September as buy volume outpaced sell volume for the first time since the local top of 30-31k. Any drop below this current level is a great long term spot buying opportunity.

This further boosts the bull case imo.

16. Okt. 2023

Trade geschlossen: Ziel wurde erreicht

Are you not entertained??? Closing this as resistance was reached. Will reevaluate.