$BTC 1H LONG SIGNAL
BTC is holding above all three moving averages on the 1H chart.
Price is around $84,950, while the MA7 is $84,910, MA25 is $84,685 and MA99 is $84,483.
Long entry: $84,650–$84,900 retest
Stop Loss: $84,100–$84,300
Invalidation: 1H close below $84,100
TP1: $85,500
TP2: $86,300
TP3: $87,300
The $85,000–$85,100 zone is the main battle area.
A strong 1H close above $85,100 with increasing volume could open the way toward the higher targets.
If BTC loses $84,500 and starts trading below the moving-average cluster, I would cancel the long idea and wait.
For now, BTC has a mildly bullish 1H structure, but the low volume means confirmation is important.
$85,100 is the level to watch. #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17 #BitcoinRejectedAt$87K
BTC is holding above all three moving averages on the 1H chart.
Price is around $84,950, while the MA7 is $84,910, MA25 is $84,685 and MA99 is $84,483.
Long entry: $84,650–$84,900 retest
Stop Loss: $84,100–$84,300
Invalidation: 1H close below $84,100
TP1: $85,500
TP2: $86,300
TP3: $87,300
The $85,000–$85,100 zone is the main battle area.
A strong 1H close above $85,100 with increasing volume could open the way toward the higher targets.
If BTC loses $84,500 and starts trading below the moving-average cluster, I would cancel the long idea and wait.
For now, BTC has a mildly bullish 1H structure, but the low volume means confirmation is important.
$85,100 is the level to watch. #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17 #BitcoinRejectedAt$87K
