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Technical analysis by TheMeditrader about Symbol BTC: Buy recommendation (4/21/2023)

https://sahmeto.com/message/2719823
TheMeditrader
TheMeditrader
Rank: 7157
1.6
Buy،Technical،TheMeditrader

After an aggressive sell-off, finished by what looks to be an exhaustion bar, my ideal trade will be enter long on the 4 hour order block and ride price action up to the daily order block, where I expect lots lots of selling pressure to come through. I think it's very possible that price will surge to the 50% retracement of that OB where it will be the consequent encroachment of the fair value gap.Orders are set and now I let the trade play out.All the best,The MeditaderUDATE: After seeing a strong reaction in my entry zone, I've taken both my positions and have adjusted my position size to match my risk tolerance.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$27,319.13
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