BTC USD closed the week with a bearish candle what's next ?
The bitcoin price re tested the 47 K USD area resistance zone and got rejected. The price closed the week with an inverted hammer, which is a bearish candle. We are now heading to a re test of the 39 K USD support area. The price action in this region will be determinant for the trend that will follow ! Either we will form a higher low for the first time in this region, and so a change in the market structure. Or we will break below this support area to the downside and continue lower.
We preserve our capital and wait for a decisive reaction in this region in order to take advantage of the trend
Patience is the key in this market
manage your risk at all time
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
GRAVITYMARKETS
We preserve our capital and wait for a decisive reaction in this region in order to take advantage of the trend
Patience is the key in this market
manage your risk at all time
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
GRAVITYMARKETS