G, day Guys. How're things going?
Today let's analyse BTCUSD (BITCOIN).
Based on previous analysis, as predicted this market build-up a bullish flag pattern. This pattern showing that the possibility price continues to complete the market structure with a $ 44,924 price tag. It's mean completing this price level, it's gonna retest the third-time support level.
In case this support level ($44k) is broken, most likely 4-hour timeframe correction develop further to 40k or below. In an upside perspective, the first confirmation is needed which is the current price must solid break the current resistance trendline in order we prepare our risk tolerance calculations before opening any Buy positions.
As the 50k price level is a strong resistance level, we expecting this price gonna rejected a few more times. Fundamentally, this is an investor or big whales trade mentality which is mean controlling and manipulating the Supply & Demand. Personally, I strongly advise as a professional trader and adviser do not jump into FOMO condition. Manage your risk with your risk tolerance.
Let's see what happen next.
Today let's analyse BTCUSD (BITCOIN).
Based on previous analysis, as predicted this market build-up a bullish flag pattern. This pattern showing that the possibility price continues to complete the market structure with a $ 44,924 price tag. It's mean completing this price level, it's gonna retest the third-time support level.
In case this support level ($44k) is broken, most likely 4-hour timeframe correction develop further to 40k or below. In an upside perspective, the first confirmation is needed which is the current price must solid break the current resistance trendline in order we prepare our risk tolerance calculations before opening any Buy positions.
As the 50k price level is a strong resistance level, we expecting this price gonna rejected a few more times. Fundamentally, this is an investor or big whales trade mentality which is mean controlling and manipulating the Supply & Demand. Personally, I strongly advise as a professional trader and adviser do not jump into FOMO condition. Manage your risk with your risk tolerance.
Let's see what happen next.
