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Btcusdlong

Bitcoin back to 30K soonBitcoin just retested its all time high range and recorded an inverted hammer in the supply zone (Weekly). Clear distribution is seen in lower timeframes like 4 hours and 1 hour; many patterns are identified. If these patterns were identified without the weekly inverted hammer, then we can consider long. But in this case, its clear indication of distribution. The script soon would test 58300 (CMP 61100) ranges and again can bounce back to 61500 ranges. This can form a triangle pattern. When that pattern is broken downside, the immediate support will be 48000 to 52000. If that is broken, 28000 ranges could be seen.
Short
by StudyingtStocks
1
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (59488.35). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 61212.25 TP2= @ 62184.77 TP3= @ 63717.33 TP4= @ 64977.46 TP5= @ 66968.48 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6