Market Update: BTCUSD & ETHUSD – June 21st, 2023
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
BTCUSD: Buying On Retracement Lower & After Price Action Setup At Or Around $26509 – $26925 Support Area
Comments: Price moved higher from the Inside Bar Pattern that had formed on Sunday, June 18th (We did not consider trading this pattern).
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy setup, at or around the $26509 – $26925 short-term support area, which coincides with the recent Bullish Inside Bar Breakout that had triggered on Monday, June 19th.
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ETHUSD: Buying On Retracement Lower Into The Range Of Bullish Fakeout + Pin Bar Setup
Comments: Price moved slightly higher from the Bullish Fakeout + Pin Bar Setup that had formed on Monday, June 19th (We did not consider trading this setup, nor did we mention it).
Potential Trade Signal: We are looking to buy on a retracement lower to within the range of the recent Bullish Fakeout + Pin Bar Setup that had triggered on Tuesday, June 20th.
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
