This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level.
Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long position.
If the fall continues, then go long at the demand zone. The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long position.
If the fall continues, then go long at the demand zone. The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Trade active:
almost went for the target 3
