I hope you can now see how the BTCUSD represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no...
Bulls have to step in to defend their territory, otherwise a much deeper correction will occur.
If the third test of the descending wedge resistance does not lead to an upward breakout, the 8500$ zone around the rising trend support line will likely to be broken.
Not a financial advice.
Price is trending below trendlines, bulls are exausted. bears taken control again.
next dip below 6300 USDT.
it is proceeding toward narrow end. expected by end of Year - Nov/Dec it will breach upward trendline and set new high.
accumulate zone is below 6300. even before explosion, you buy below 10000 will also give you x times benefit.
it is Monthly TF.