I have two scenarios for Bitcoin.
The first point is that in the current situation I suggest you do not open a long position or shorts because bitcoin is in the supply range and we have to wait for the reaction in this area.
In the first scenario, if the 45,000 range is broken and this range is stabilized above, and the proper pullback and candlestick pattern are observed, one can enter the long position.
In the second scenario, if you see a strong reversing candle and re-test the supply range or break the bullish trend (orange) and pullback to this area, you can enter the short position.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 26.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
The first point is that in the current situation I suggest you do not open a long position or shorts because bitcoin is in the supply range and we have to wait for the reaction in this area.
In the first scenario, if the 45,000 range is broken and this range is stabilized above, and the proper pullback and candlestick pattern are observed, one can enter the long position.
In the second scenario, if you see a strong reversing candle and re-test the supply range or break the bullish trend (orange) and pullback to this area, you can enter the short position.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 26.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
Trade active:
Breakout accured on first scenario. Now im waiting for stabilize and pullback. Its important to wait for stabilize to sure its not a fake breakout
