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So annoying and boring price action also today is Friday please move today else two more boring days are coming. Anyways will share some educational content soon.
If we break the 58200 before going to the 56800-56700 zone then I will look for shorts around 60k as I have mentioned in this update.
So these are my plans and will trade according to that.
No movement bears are trying their best to defend 58k but still there is no sign of weakness or sort of rejection. But now bulls need some strong momentum as well as liquidity to go above. If we see a downside move to 56800-56700 that will be a good buying zone again and our target will be 59-60k. So this is my plan, let's see.
sorry for no update I was a busy irl, but the price hasn't moved much I was looking for new long orders around 56800 but pumped from 57300, so just holding the previous long. Don't try to short here imo soon we will break this 58k and then the next target is 60k. My ltf plan for btc is still the same.
U.S CORE PPI (MOM) (AUG) ACTUAL: 0.3% VS 0.0% PREVIOUS; EST 0.2%
U.S CORE PPI (YOY) (AUG) ACTUAL: 2.4% VS 2.4% PREVIOUS; EST 2.5%
U.S CORE PPI (MOM) (AUG) ACTUAL: 0.3% VS 0.0% PREVIOUS; EST 0.2%
U.S CORE PPI (YOY) (AUG) ACTUAL: 2.4% VS 2.4% PREVIOUS; EST 2.5%
#BTC LTF Plan.
Right now we are facing a resistance around 58k but we haven't rejected yet and consolidation is going on around the resistance area. We should touch the 59-60k range from here until unless we break the 57400 level. Today is PPI so volatility will be there again, good PPI data can send price to my target 59-60k zone. I have booked 50% profit in my swing long and right now sl is at breakeven.
If you are long with me enjoy profit and stay patient for now. Don't open any new position right now, imo this is a not good area to short and now risk reward isn't good for longs as well, so no trade zone.
TP 2 done ✅👽
Book some more here as this is major resistance. Keep sl at breakeven ✍🏻🧑🏻🍳
Signing off for today. Gn guys.
U.S. CPI: +2.5% YEAR-OVER-YEAR (EST. +2.5%)
U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.2%)
Most people are waiting for a retest of 55k to open long but I want to tell you from my experience an easy retest is nothing but a scam (atleast in the btc case). It's either we will frontrun them and send to 59-60k from here or we will go to the 53-54k region again.
Most people are waiting for a retest of 55k to open long but I want to tell you from my experience an easy retest is nothing but a scam (atleast in the btc case). It's either we will frontrun them and send to 59-60k from here or we will go to the 53-54k region again.
Probably my last try to send btc to the 59-60k region. The price is holding 56400 levels pretty well. Use less margin as CPI data in a few hours.
SWING LONG $BTC/USDT 🟢
Entry: 56400-55800
Targets 🚀
1) 57500
2) 58000
3) 59000
4) 60000
❌SL: 55100
‼️Lev - 10x (Manage your risk)
👉🏻 Trade with me on KCEX (Non-Kyc exchange) 🤝
