Bitcoin has done a recent high at 43853 on 30 Jan 2024 at 17:30. It has fallen to 4159 on 01 Feb 2024. This was a double bottom buy signal as it was hit twice at 6:30 and 9:30 IST. Thereafter we got a a higher low at 41914 at 17:30 IST whic was another buy area with a good risk reward ratio.The target after buy was 43185 after crossing the level of 42516. Currently wa are trading at 43242 at 6:10 on 02 Feb 2024.
The level to watch here will be 43185 on hourly basis. Above trend is positive below trend is negative. Use the levels given on chart for your trading bias as per your risk reward.
Happy Trading !!!
N.B. Not a Trading Advice. With usual disclaimers as applicable on this beutiful Trading Analysis Platform.
The level to watch here will be 43185 on hourly basis. Above trend is positive below trend is negative. Use the levels given on chart for your trading bias as per your risk reward.
Happy Trading !!!
N.B. Not a Trading Advice. With usual disclaimers as applicable on this beutiful Trading Analysis Platform.