BTCUSD near strong support zone what is next ?
BTCUSD here is an update of previous analysis that target reached as soon as possible and we had nice entry point and profit that taken was huge :
now we are in important zone that bitcoin lost support of channel lower side and what is expected is a huge fall but we should consider this that we need <<conformation or at least range>> and then continuation of bearish market
Targets and major support shown on chart with green lines that you can see supports and place for entering buy positions or take profit on your short positions
*Market can easily pump and get back to the channel and rise once again *
*But as we talked about we are testing for next huge fall *
*So this is the reason that here we should consider both paths *
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
now we are in important zone that bitcoin lost support of channel lower side and what is expected is a huge fall but we should consider this that we need <<conformation or at least range>> and then continuation of bearish market
Targets and major support shown on chart with green lines that you can see supports and place for entering buy positions or take profit on your short positions
*Market can easily pump and get back to the channel and rise once again *
*But as we talked about we are testing for next huge fall *
*So this is the reason that here we should consider both paths *
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
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.