SagirKazi

BitCoin – Next Tulipmania?

Short
CME:BTC1!   Bitcoin CME Futures
BitCoin – Next Tulipmania?
Selling Pressure is seen in BitCoin after Elon musk announcement.
Chart is around its major support level .
If 39520 breaks on weekly basis then Prices will easily reach 26650.
Extended target can be 19100.
If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk reward.


Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Trade active: Todays Low 30205, Small rebound from 30825 levels which is marked on chart.

Bearish View still active, Expecting both Targets soon.

Not expecting Big Rebound now but still, Trail your Stop losses to *Entry minus 2k* ( ie around 37,225) so you don't lose on this trade now.
Trade closed manually: Trailing Stop loss hit .

View still bearish however fall will slower from now onwards.
Price hovering around my yesterdays entry levels , so good chance of creating a base here.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Trade active: If Price Sustains below 34280 this week Bitcoin will easily break 30k this time.

SL : as per ur Risk appetite.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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Trade closed: target reached: Yesterdays Low was 28800.

Trend still bearish . lower targets still achievable


Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Trade active: If 30825 cracks this time easy 26650 possible
Stop loss around 36000

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Please do your Risk and Portfolio Management Properly.
Comment: Breaks 30825 today . Short View active now as per Previous Comment

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Please do your Risk and Portfolio Management Properly.

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