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Technical analysis by disciple1912 about Symbol BTC: Buy recommendation (5/8/2023)

https://sahmeto.com/message/152373
disciple1912
disciple1912
Rank: 8041
1.6
Buy،Technical،disciple1912

BUY BTCUSD IDEA Price is reacting to Hourly unmitigated orderblock. This aoi of interest formed a schematic in which liquidity was swept and then strength to break the resistance ensued thereafter. After a retest we see that the break of the resistance leaves behind a sign of strength. So we can expect for price to attempt to push higher to at least the origin of the trend. So we'll try to find a supply area, but an area of interest for a final tp can be or should be a quarter point being that his is btc. This should be an interesting play because BTCUSD moves great distances when it breaks away from consolidation, so keeping that in mind targeting the 30000 is not too far fetch.

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Signal Type: Buy
Price at Publish Time:
$27,923.6
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