MBT1! trade ideas
btcusdt#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 trades. Holding is not advisable until you have extreme reason to hold projects.
BitCoin – Next Tulipmania?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 reward.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Bearish wedgeBearish 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 investment advice to buy or sell
BITCoin with EWOm Namah Shivay
Bitcoin progress from Mar 2020 Low
has been spectacular.
From Mar 2020, Bitcoin graph steady
enough, Now it looks for some correction
possible, Looks the 3 of the impulse
has been done or near done.
This is only for education and learning. No trading suggestions.
Om Namah Shivay