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Technical analysis by EyyJasper about Symbol BTC: Buy recommendation (5/20/2025)

https://sahmeto.com/message/3534323
EyyJasper
EyyJasper
Rank: 2288
2.3
Buy،Technical،EyyJasper

I can have all my opinions about how this low can't be the HTF HL but who am I to say this? I should keep it in the back of my mind but I shouldn't let it hinder me from entering new trades/investments.I spent too much time speculating on how I think it should look instead of just keeping it simple and just think about how it looks in the moment. It cost me missing the up-move from ~85k-100k.I think of trading vs investing, LTF trades vs HTF trend while I should just scrap the HTF trend as this causes me to go on a speculation trip and I lose track of what's in front of me in the moment.-------------------------------What I think is in front of me right now:Let's start with that MS is king. This up-move is caused by the fact that price got above the structure of 29 March-5 April, without any significant PA. It just got above it and stayed above it and pushed out above it.That's enough evidence to me that I shouldn't necessarily wait for a big SFP, on the 15min TF or 1D. Or that I shouldn't wait for a big 15min engulfing candle. This is just proof as price has pushed all the way back to 100k. Then,The blue box was the resistance and the level below it (95k spike) was the main level. The top of this level was maximal resistance. Here I expected (=speculated) that price would be capped and go back to 74k. I expected price to close above the level but that the new structure formed around the level would provide a short (like a SFP and then a MSB).But this didn't happen. Price pushed above the resistance. So that's how it now is: there's no resistance. Just like in april when price got above the 29 March-5 April structure with main level of structure being the high of 4 April.And then to add: in current structure price has closed above the main level of that structure on the 1D: the high of 12 May. This is good. Also: there's no 15min SFP at the current highs and the MSB failed (price pushed back up).Also: there's a clean level for the long SFP: 12 May low. Conclusion: if price breaks down from here without going back to these highs, price could be capped at the long SFP-level of 100k. And given the (I think) fact that there's no resistance and MS is king, this is the right level to enter the long in spot BTC.So that's what I'm going to do. Might enter the trade too (perps) if price indeed SFP's this level.-----------------------------If price doesn't hold the 100k level, I don't think price can drop further than the 74k low so that's the potential downside (I don't sell spot if there's no short setup) I keep in mind.Price made a new ATH but all PA looks normal to me, just consolidating upwards. Still have my limit orders set.Not the best reaction to the level tbh. 1D candle close above would be welcome.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$115,000
Stop Loss Price
$74,000
Price at Publish Time:
$105,347.63
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