Bitcoin Analysis

But it is not every time that the market moves in the direction of the bigger trend, dark pool activity can sway the market in a direction completely opposite to the trend.

Yeah , it's why we call it's probability

Bitcoin Trade Breakdown

On the 1-hour chart, Bitcoin had been rejecting lower prices on both the Daily and 4-hour timeframes. This showed strong defense around key support levels.

Then, we saw a clear breakout on the 1-hour chart. Price broke above a previous resistance level (a key horizontal zone) with strong momentum.

The Entry:

- As soon as price broke and closed above that key level, it turned from resistance into support.

- We entered long (buy) immediately on the retest/confirmation of this broken level.

Risk Management (visible on chart):

- Stop Loss placed below the breakout level (in the red zone).

- Take Profit targets set above in the green zone.

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Overall long term buys on BTC.

This should lead to a possible all time highs