POSSIBLE LONG POSITION
Bitcoin / TetherUS BINANCE:BTCUSDT
Entry @ orange line + orange flag
Target $44500 take profit
Stop Loss $40100
Bullish short term
Using Pionex grid bot – fully automated and ability to leverage up to 5x
The reason I took this trade is because Bitcoin has bounced off the rising lower support level on smaller timeframe (white dotted line ascending) which means we are close to a pivot point . I expect at least 1 price action fakeout either to the upside or downside. This time I am guessing that BTC will increase to $41500 and flip as support, and then rise to $45 before the Big Short to $30k.
