Technical analysis by Erictaylor about Symbol BTC: Buy recommendation (8/2/2023)

Although my last post was kind of bad timing, as I was expecting a move up from that support if 29,500 as it was a flat support and buyers were controlling it, until they stopped. Once they backed off, I did open a smaller short postion which was quickly stopped out within a day. It’s a choppy range in here which is tougher to trade so be patience. Howver as of now I am seeing a smaller setup / falling wedge forming again just like the last one, Overall I’m still looking for Btc to catch a bid upside towards 32.8/32.9 and overall 38k is still likely. Waiting for us to push back above 30k and reclaim this should bring the bulls into a better postion. Phycological level of 30k the bears will defend. Once we claim above we should start riding backup