BTC short-term long opportunity?

22. Sept. 2022

I'm currently bearish for BTC, but I examined possible strategies for a long entry because a bullish dragon pattern is detected on the 4H chart.

Recommended Entry condition: breaking out diagonal resistance (green dotted line) & ideally pullback onto it
Recommended TP:
TP1: 20000
TP2: 0.618 - 0.786 Fib Retracement

Criteria for entry (for reference only; trade at your own risk)
Support: Green dotted diagonal line (after breakout); gray box; Gann fan 1/2 (yellow zone); Current low
Gann Fan red zone: wait, or place the stop loss on the support if you already have entered
SL: 17900

22. Sept. 2022

Anmerkung

Correction:

TP1: 20000
TP2 The levels of the red box
TP3: 0.618 - 0.786 Fib Retracement

22. Sept. 2022

Anmerkung

For aggressive traders: if the candle closed out of the new gray box and above the red resistance line, it would be the first green light.

23. Sept. 2022

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For comparison.
Breakout is harder than it looks, though it will become easier with time.
Keep in mind that this is still the baer market.

27. Sept. 2022

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update.