Keep selling Bitcoin below 32600 with stop loss abv 36800 for target of 18400-16500 and 14200-12500 zone.
If you buy an unnecessary item then you will end up selling your necessities.
Disc : it's not an investment advice to buy or sell
Some supports and resistance on BTC .31400-500 looks like an important support, if this breaks on closing basis then we may expect some major downside movement.
#Btcusdt is having sideways structure at short time frames.
Whereas bearish high time frame structure till it is below 42000 Levels.
Bitcoin resistance is 42000 support is 30000.
Conclusion , Dont expect market to be bullish. Bitcoin & market is having good situation to be at sideways/bearish until btc is below 42000. trade only short term if you Have good...
BitCoin – Next Tulipmania?
Selling Pressure is seen in BitCoin after Elon musk announcement.
Chart is around its major support level.
If 39520 breaks on weekly basis then Prices will easily reach 26650.
Extended target can be 19100.
If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk...
Bearish wedge breakdown is clearly visible. Breakdown has led to LLLH structure which is another sign of bearish market. Long wick has appeared but this might be just profit booking. Breakout gaps generally take time to fill up. So I epxect 61300 to act as stop loss for all incoming short in the range of 55500-57500 for target of 39100.
Disc : it's not an...
As long as 43900 holds on, BTC is likely to move up for 55000 and 60000 levels. 46000-46500 is the support and if price revisits this zone then can be bought.
