BTC/USD Journal (Basic PA)

Hi, I will be posting my BTC/USD analysis here.

Green rectangle possible long opportunity with the SL behind swing low and TP inside the red rectangle where there is a confluence of factors.

On a Daily chart we can see that the volume of BTC last few days is on the low end, so it does not look bullish to me and more like a bear flag, which is bearish pattern.


The graph below shows the big picture and possible reversal levels which is in a range of 30K to 25k.

An finally, the 1H chart analysis, which shows that we are still in consolidation, and market is undecided. I think the chart will make another major move in the upcoming week at the latest.

Current sentiment:

If we break 45K and close strong on a daily - Bullish (till 64k)
If we get a rejection at 42-44K - Bearish (till 28-30K)

Current sentiment - Bullish.
If breaks below 37K - Bearish.

Looking for a reversal at the 40K - 41K

btc is not good for trading, just HODL is best strategy