This BTC/USD trading analysis is an update from the previous article here, from the BTC chart dated March 1, 2022, 04:43 UTC.

At that time there was huge volatility in the pattern of explosive or super impulsive spikes that would pierce BTC's Resistance at 44143. People assumed it was due to the influence of the Russia-Ukraine war where people rush to save their assets into Bitcoin and some said it was a nuclear price pattern of Bitcoin. However, technically price action doesn't refer to all such kinds of news or events, of course, we are talking here in relation to the market price chart, not the politic, where the chart pattern itself is already a manifestation of all the influencing factors of events, news, and speculative actions of the Bitcoin Whales (in Forex we usually call them Big Boys). I myself sometimes call this technique an empty mind trading style. Maybe you remember something like the Tai Ji style. 

BTC/USD 4H chart as of March, 1st, 2022

You know, Resistance 44143 is basically medium-class resistance that technically won't be easily broken by even a nuclear-like explosion market movement. Today we can see the market price started to bounce exactly at level 44143 with the formation of many counterattack pins, hammers, and harami candles. Those are clearly seen in the 4H time frame chart below. I have conveyed the blind entry technique which I said the basis in the previous article.

BTC/USD D1 chart as of March, 3rd, 2022

BTC/USD 4H chart as of March, 3rd, 2022

Trading Idea: You should remain disciplined to maintain the trade position in accordance with the initial setup. However, if you tend to play safely, then you can make your trade to a zero-risk mode by trailing the stop loss to the open order position after the current price reaches its long-term support 40847 (red line). 

Well guys, as I said in the previous Bitcoin trading article that this explanation is just an example of how to trade and not a direction. All possibilities and uncertainties can occur at any time in the market. 

Disclaimer: This article is based on my research and personal opinion. This is not an order or an invitation to do. Trading in the cryptocurrency market provides both benefits and risks. Every trading decision is the responsibility of the individual who made the decision. Please trade according to your personal risk profile.