Hi dear traders.
BTC is above an important support line. It seems BTC may create a range area between $ 40500 and $ 44000 in the coming days. The presence of BTC in this range area (40500 - 44000) does not seem to last for many days. if it breaks down the support line, the next target will be a range area between 29500-40500. My idea is not to enter any position until the breakout of the range area (in both directions) and its confirmation.
BTC is above an important support line. It seems BTC may create a range area between $ 40500 and $ 44000 in the coming days. The presence of BTC in this range area (40500 - 44000) does not seem to last for many days. if it breaks down the support line, the next target will be a range area between 29500-40500. My idea is not to enter any position until the breakout of the range area (in both directions) and its confirmation.
Trade active
as mentioned earlier, BTC made a range area between 40500 and 44000 $Trade closed: target reached
BTC Reached Target area
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cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.