2023-04-22 16:21:56
Bitcoin Market Update:
A ROUND OF APPLAUSE FOR WZRDS OUR FIRST BITCOIN TRADE HIT FULL TAKE PROFIT WITH 1,70+ PIPS / +5.77% RAW GAIN OUR SECOND TRADE HIT FULL TAKE PROFIT AS WELL WITH 1,440+ PIPS PROFIT / +5.00% RAW GAIN TWO FULL TP PHENOMENAL TRADES I’M LOOKING FOR ANOTHER TRADE NOW.
Both Bitcoin and BTC.D are trading doji so far and we need to wait for the next move.
BTC.D has room for both sides but a slow decline will hurt altcoins as Bitcoin is dipping aggressively
Bitcoin is now trading below $27,600 we could see a further dip from here towards $25,000 though we still need a healthy bearish candle. A hard rejection can push it towards $32,250
Intraday:
The intraday chart is weak and moving choppy, we need a better trade location from here.
A close push to $27,720 (POI) and then showing signs of weakness will offer a short towards $26,650 and lower - Red Dotted WZRD Projection
Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.
Above $27,720 (POI) however, it can push higher and make a new sideways range area I will be waiting for the market to trigger the next trade setup.
H1: https://www.tradingview.com/x/2bduEjff/
Daily: https://www.tradingview.com/x/W7d1hA0j/
BTC.D: https://www.tradingview.com/x/NTiYkOB2/
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510 viewsC, 13:21