BITCOIN H1 LONG TRADE PLAN PROFIT IDEA May 25, 2021 Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 25, 2021 10:59 AM

Hi,

Do you see what I see,

Bearish Engulfing bar is form (red arrow) which closed below the Kijun and Tenkan. That mean the trend will go down

Look the volume you can see higher than SMA 50 Volume

IF YOU LIKE, LET FOLLOW TRADE PLAN PROFIT

Many thanks

Comments

divya1113

⋅ May 25, 2021 11:10 AM

Thanks for the analysis. How low do you think it would go in your opinion?

I think, we would see a bounce from 36K zone. Right now, I see a potential inverted H&S in formation if 36K hold as support. And then breakout of the 40K resistance.

tradeplanprofit

⋅ May 25, 2021 11:19 AM

@divya1113, thanks. I think bitcoin will go down as you see my chart