BTC JUST PRINTED A BULLISH HAMMER AND FOLLOW THROUGH
The market is quiet today with breadth weak and most altcoins flat
That is exactly when $BTC tends to lead and the daily chart shows why
Three candles tell the story here
First a hammer with a long lower wick near 83255 which means buyers stepped in hard on the dip
Then a small red candle that barely gave anything back
Then today a strong green candle that pushed to 83917 and closed near the highs
This is classic demand confirmation not a random bounce
Resistance sits at 87330 which is the top of the last 30 days
My call is BUY
Entry zone 83000 to 84000 dollars
Stop loss below 82500 dollars
Target 87330 dollars
My take as an analyst? This setup has a clean invalidation and a clear target which is rare on a choppy Monday and that makes it one of the better risk reward spots in the majors right now
Are you buying this BTC bounce or waiting for a deeper dip toward 80K?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Trading
The market is quiet today with breadth weak and most altcoins flat
That is exactly when $BTC tends to lead and the daily chart shows why
Three candles tell the story here
First a hammer with a long lower wick near 83255 which means buyers stepped in hard on the dip
Then a small red candle that barely gave anything back
Then today a strong green candle that pushed to 83917 and closed near the highs
This is classic demand confirmation not a random bounce
Resistance sits at 87330 which is the top of the last 30 days
My call is BUY
Entry zone 83000 to 84000 dollars
Stop loss below 82500 dollars
Target 87330 dollars
My take as an analyst? This setup has a clean invalidation and a clear target which is rare on a choppy Monday and that makes it one of the better risk reward spots in the majors right now
Are you buying this BTC bounce or waiting for a deeper dip toward 80K?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Trading