BTCUSD - What to expect - Long to $60,000 or Short to $49,000
As we can see, the market is in a downtrend. Price has been moving within the upper and the lower trendline. Price is currently at the resistance level.
Therefore, I expect a trendline upward breakout to $60,000. But if does not break the resistance line, I expect a pullback to $48,000.
The yellow lines are the major support and resistance level price may encounter when moving within it.
What do you think?
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Therefore, I expect a trendline upward breakout to $60,000. But if does not break the resistance line, I expect a pullback to $48,000.
The yellow lines are the major support and resistance level price may encounter when moving within it.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
Trade active:
Bitcoin moved as expected. Price broke out of the upper trendline. The market is currently in a pull back. Thereafter, we go long again. Tap the play button on the chart so see it too..
Trade closed: target reached:
Target reached!! Profit smashed!!🤑🤑