BTC has been ranging this last week at around the price of 29 000 $ after having spiked up from its’ bottom on the 12th of May 2022 around 25 400 $. I beleive that the coming week ahead is bullish . If you take a look at my previous daily analysis on BTC /USD, I described the move we currently are in as wave in the larger degree. This means that we should push up higher in prices in the short term and move as a 3 waves correction upwards.

TA:
The entire move looks to be a zigzag*.
>Wave a formed 5 waves up with its’ 1st wave being extended following the ratio 61.8% * i = iii+v. It ended around the price of 31 000$ the 13 of May 2022.
>Wave b looks to be a contracting triangle which confirms the move as being a zigzag instead of an impulse (as a triangle always come before the last move of a trend).
>Wave c should be approximately as long as wave a which would put the price target around 35 000 $.

If you wish to take a long trade and wonder where a good stop loss should be, then by following this analysis, having it just under wave e of (b) at around 28 690 $ is a good place for it to be as, if it goes under this level, then the count would be unvalid. This would put a reward risk ratio at around 3.5 : 1 which is a good buy opportunity.

* Zigzag: A 3 waves move where the first and the third leg are themselves 5 waves impulses separated with the middle leg which is a 3 waves correction.