Technical analysis by JonnyCann about Symbol BTC on 7/8/2021
JonnyCann

Looking for a break of current structureAB to CD wave completed4hr pin bar candle printed at current level of support1hr also printing 2 pin bar candles, one also being bullish engulfing showing buying pressure is currently strengthening in this regionI will be looking for confirmations at my circled areaWould like to see a clear 1hr break and close above 32,750 resistance (grey horizontal line)Also a retest at point of interest red line on volume profile to potentially enter in that areaAlso a 1hr and 4hr TL ( trend line ) cross on the RSIAs current 1hr candle closes as a bullish engulfing, that will be a strong sign for a potential move up to 33,200 region for first target or higherFirst target is will make for a 2:1 RR, as BTC will be retesting the symmetrical triangle that price broke out of.As there is traffic in this region, I will be closing partial position to solidify profits, adjusting stops above break even incase price rejects this region and pulls back furtherIf price breaks back into symmetrical triangle, I will re-add to my position and adjust stops to break evenWill be looking for ALT coin entries and confluence that aligns with BTC's bullish move