Attention:
Price levels to pay attention to:
1. $19,157 is Point of Control (The highest traded volume level for 2022)
2. $19,000 to $20,000 (Consolidation)
3. Price to $17,593 (if $18,800 sup fails to hold)
4. Breakdown of $15,551 (invalidation for bull)
BTC has been trading lower year+ months, our chat study shows.
The 1D falling resistance has been respected...
Attention:
Price levels to pay attention to:
1. $19,157 is Point of Control (The highest traded volume level for 2022)
2. $19,000 to $20,000 (Consolidation)
3. Price to $17,593 (if $18,800 sup fails to hold)
4. Breakdown of $15,551 (invalidation for bull)
BTC has been trading lower year+ months, our chat study shows.
The 1D falling resistance has been respected...
Btc 15min Trend analysis , the market go up then come back down and you can see the support if it breaks the support their is a chance of going short ..
I will let you guys updated
In 1Day chart showing an up trend channel and now market in trend line support level on lower time frame charts showing an side ways market of wait for the good entry at the box level breakout after entering the trade
Hello traders , breakout daily timeframe target is 13891.83 short term bear market nxt pull run start comment section below if you have any questions, This is not a financial advice
Just placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
Reasons for the trade:
1. It broke daily Change-of-Character ( it broke the last high indicating signs of reversal)
2. It pulled back to 50% level on fibs ( potential to drop lower before initial move to the upside)
3. It’s at a flip zone ( area in the market that is both support and resistance)
4. Currently at a demand zone on daily ( support zone)
