BITCOIN analysis 13/02/2023

BTC has reached 21500 as expected by Blackmantrader. The market slowed down and had 1 rally to 22000, but the upside was very weak. Weekly frame closes 1 candlestick Engulfing bearish ear 21700 => Has not given any reversal signal when touching the 21500 area.

This week, BTC will rise to the 22000 zone, retesting the newly created Supply Zone on the H4 timeframe. Then BTC returns to around 21500, most likely there will be 1 beard sweep to 21000. Here BTC will appear a reversal signal=> We will wait for the market to come here for further processing.

Today, early in the day BTC will return to 21650 – 21700. Observing the H1 timeframe when there is a reversal signal, we can enter a long order with the target target at 22000.

Command reference:

Long 21650
SL 21400
TP: 21900

Short 22000
SL: 22400
TP: 21500


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