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Zaks_ForexRules
May 31, 2021 10:16 AM

BTC Neutral has a Two way Option 

Bitcoin / U.S. dollarBitstamp

Description

Greetings Traders this is my analysis for Bitcoin and it is Neutral because it has two ways.

As we can see on the chart Bitcoin had a downtrend movement last week witch has formed a right and left shoulder with a downtrend head.

After that a Downtrend movement it has a continuation and it has formed a triangle.

In this case we can see that the price after that downtrend is preparing for another possible Uptrend Movement.

And that is if it breaks the key level 38k we will see a future uptrend movement.

The second is a Sell Position if it breaks down from 38 k we can open a sell position .

Traders make your own analysis before trading

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Thank you!
Comments
financialflagship
Strong analysis, keep up the good work. 🙌
Helical_Trades
Looks really great here !
Thanks for your great analysis...

Wants to see more for sure ;D
YMGroup
Very nice chart :)
KlejdiCuni
Very good Idea. Thank you!
AtlasTrades
I agree with your opinion
jojofang0901
agree to watch out for price around this area thx :)
zigger
it breaked out from 38k already 2x times but went down again to 33k ? when do you think this should happen
Mihai_Iacob
great analisys
Ali_Daiy
Looks awesome!
TRADiNG_hub
Wonderful Trade Setup 😋
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