BTCUSD.P
Hello every one. I hope you be safe and happy about your trades.
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this is my idea about new movement of BTC in 4H TF, so it is just an idea and pls do not consider it as financial advise. thanks.
As I can see in the chart, and other factors that have correlation with BTC chart (Bito ETF, DXY, AUX, BTC.D) without any fundamental analysis, The big trend is still bearish and bears are still more stronger than bulls because of the some reasons.
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First of all the chart patern is in the big trading range and there are some important level based on Fibo levels AND price action region which shows 25,000$ is a strong resistant and 18,500$ is also strong support.
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All in all yesterday we drop down about about 7% to 21200$ and there is a GAP that must fill till 23000$ and the we have a new down trend to 18000$.
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IMPORTANT: I can`t see strong up trend in the chart and fundamental analysis because of the bad situation in the world and also there is no enough money in the crypto market to circulate.So must of my trades is short position with strong money management.
. thanks for your time to attention. be careful and ready for must exciting trades during this time of market.