2023-04-03 16:30:14
Bitcoin Market Update:
Bitcoin and BTC.D are both trading as a Doji so far though Bitcoin itself is trying to push up after the weekly opening dip and perfect kiss of $27,600 Key Major WZRD support
It is still moving between the WZRD resistance range area.
Above $28,800 WZRD Resistance BTC will push higher which could act as one more push before a decent HTF correction. Below $27,600 WZRD Support we will see a decline towards $25,000 and lower if it breaks $25,000 WZRD Support in the future
This is the first day of a new quarter a new vibe of the market will soon reveal a bias.
The US stock indices and the US dollar should also play a role in Bitcoin in the upcoming days.
Intraday:
The intraday chart is moving volatile within a clear Intraday range. Upon a breakout, no matter the direction we will trade it.
A bullish breakout above $28,690 (POI) can offer a long towards $30,100 - Blue 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.
A rejection of $28,690 (POI) can also offer a short towards $27,600 (POI) but below $27,600 it will decline hard and offer the bearish swing we’ve been anticipating - Red WZRD Projection H1: https://www.tradingview.com/x/bYakca9u/
Daily: https://www.tradingview.com/x/3Yiwv3F6/
Daily Proj: https://www.tradingview.com/x/mUba0YSQ/
BTC.D: https://www.tradingview.com/x/8VRHryM5/
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542 viewsC, 13:30