aulakh03
Long

Falling Wedge To Take Formation !!! Bulls seem coming !!!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
As price is falling from after touching the major resistance near 9200 ...... bears have taken over the charge from the bulls to bring the price near major support zone of 8150 ..... As it seems in 240 mins (4 hrs chart) a falling wedge seems to appear which seems to take btc price to 8650 .
A long can be initiated between 8200 to 8300 for target of 8490 & 8650 with stoploss of 8100 . Bulls seen getting active the as price reaches near support 8150 . It will also be a major bottom formation for the price to get above $9200 for 10000$ .
Zone of 8000 to 8200 is very crucial to watch .Daily closing for more than 3 days below 8000 would be very negative Btc and can take futher price to 7300 .
Bears be cautious .
Disclaimer :
We Believe in Technical Analysis and all our trades are initiated according to it only !!!
For studying , tips and books kindly please contact : aulakh03@gmail.com
Comment: First Target achieved 8490
Wait for second target !!!
Comment: We Believe in Technical Analysis and all our trades are initiated according to it only !!!
For studying , advisory and books
kindly please contact : aulakh03@gmail.com
Telegram: aulakh03

Comments

Please for the love of god... delete this shit and clean your fucking chart!
Reply
aulakh03 Cidoguy
@Cidoguy, cant edit ...... i also wanna delete the indicators but nt able to do tht .
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