Daily BTC/ USDT outlook
2024-10-18

Now that we have broken out of the trend line, I've listed a few key TP level of potential reverse. On the 1D we haven't really had a health retrace since 8 days ago. I'm thinking that today being Friday, something might happen. I wouldn't be hoping that it breaks another BOS so I am more biased towards hitting a certain liquidity pocket and start retracing. That is just my opinion tho, we would have to let PA play out and show us more hints.

Summary: I would take TP on my longs according to the breakout PA but keeping an eye on the signs of retrace. I would look to add additional long positions as it does retrace into the levels I provided last time. 