BTC USDT - Bitcoin 1 Hr.CHART
Bitcoin is expected to trade sideways to negative as you can see in this hourly chart . overall the trend is struck in range between 20k to 23k USD.
An expected fakeout bar which u can see on chart shows that bears are still in control and will not give up unless we break 23k and stays above the level constantly atleast for a week or so.
A decessive break above Bull Bear Range or Trend Decision level break will fuel the markets will another round of rally with huge trading swings.
the expected pathway drawn are my expectation of trend with current market at hand.
i am not drawaing up rails like trendlines , support or resistances instead my approach is to let it stay simple with user friendly glance in 1 go .
An expected fakeout bar which u can see on chart shows that bears are still in control and will not give up unless we break 23k and stays above the level constantly atleast for a week or so.
A decessive break above Bull Bear Range or Trend Decision level break will fuel the markets will another round of rally with huge trading swings.
the expected pathway drawn are my expectation of trend with current market at hand.
i am not drawaing up rails like trendlines , support or resistances instead my approach is to let it stay simple with user friendly glance in 1 go .
Trade closed manually:
expected trend unfolded and hence closed position. waiting to take position back below trend decision level . will keep you all updated :)
