BTCUSDT 4H, possible correction to 57K
2024-09-25

BTCUSDT 4H, possible correction

BTC is looking for a way to break the RESISTANCE it has at 65k, but so far it hasn't been able to. BTC could correct 0.618% of this momentum and take part of the liquidity up to the 57k level. From here, it should have enough momentum to break 65k and reach the next RESISTANCE at 68k.

The other option is that the bullish flag that is forming breaks explosively and reaches 68k in a single impulse.

In these cases, there are only 2 possible strategies:
1. SCALPING within the values ​​of the bullish flag
2. Wait for the breakout with buy orders above 65k and sell orders below 62k. These types of orders must be exclusive, because we all know the whiplash that BTC can give sweeping both longs and shorts...

Any of these strategies can be executed with TradeX BoT when we finish developing it. :)

TradeX BoT (in development):

Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances… It allows you to easily establish SL (%), TP (%), SL Trailing… multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.

This tool is in the development process and the BETA will soon be ready for testing.

FOLLOW ME and I will keep you informed of the progress we make.

I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)