As 8963-70 is a big resistance in 15 minutes chart, and First good support level is 8800, so we can take benefit of both side trade and can make profit… you guys can short from 8965 or near point and can exit near 8800-8830. Stop loss- 9030.
on the other hand can go long from 8800- 8770 from near by First support I.e. 8762-8770 and can exit around 8940 to 9030....
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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BTCUSD as formed double top and triangle pattern on daily chart and small triangle in 1hr chart. It as broken triangle pattern in 1hr chart and expecting upmove for short term. Please zoom if you if the 1hr triangle is invisible .
After nice dip BTC is now taking trend line supports as previously posted .Look for Long entry if you getting HL and HH .that can be the game plan.
here Shorted can be trapped because one can not short the support .
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.
I personally believe bitcoin is creating a falling wedge pattern
this is my personal opinion so do some research and then invest your money .
Disclaimer: This information is for educational purposes only invest at your own risk !!