Timeframe: H1
Downtrend was confirmed in H1
After price had broke key level in H1, retraced to Fib 61.8 at 49400.
At the same time, price broke above a down trendline and continued a strong move following downtrend.
In here, you can wait for a consolidation pattern after retest to short BTC.
Target at 44000 - old support.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
Downtrend was confirmed in H1
After price had broke key level in H1, retraced to Fib 61.8 at 49400.
At the same time, price broke above a down trendline and continued a strong move following downtrend.
In here, you can wait for a consolidation pattern after retest to short BTC.
Target at 44000 - old support.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.