BTCUSD is following bearish channel, recently breakdown the support level: 33770,
and landed on next and last support : 31940, and touched bearish channel lower,
accumulation is happening near support.
In this support level price reflected huge moment historically,
To follow Golden rule: Be with trend, (short setup could possible at 33770)
Trend line an hr. time frame basis
!Strong close below 3940 should be hell bearish move.
Technical- Based on Support/Resistance and trend line:
- Strong Suport: 31940
- Strong Resistance: 33770
! leave feedback or comment please.
To check previous ideas and updated.
Image-
and landed on next and last support : 31940, and touched bearish channel lower,
accumulation is happening near support.
In this support level price reflected huge moment historically,
To follow Golden rule: Be with trend, (short setup could possible at 33770)
Trend line an hr. time frame basis
!Strong close below 3940 should be hell bearish move.
Technical- Based on Support/Resistance and trend line:
- Strong Suport: 31940
- Strong Resistance: 33770
! leave feedback or comment please.
To check previous ideas and updated.
Image-
Trade closed manually
(support became resistance)
Next support: 29705, respected
(V shape recovery)