Yuriy_Bishko

Bitcoin - rising without correction, what next 🤔❓

BINANCE:BTCUSDT   Bitcoin / TetherUS
After rising nearly 40%, bitcoin stopped at the upper end of the consolidation, which acts as very strong resistance. The price has now corrected from a high of $42,000 to $40,000.

What to do? When to buy or sell?

Right now I see two scenarios:
a) A break of the local lows 39 250$ and formation of lower lows, after which it is very likely that the price could go down into the liquidity zone.
b) And the second scenario, if the price goes higher, goes back to the upper level of $42,000, starts to squeeze, that would be a signal for continued upside.

Write in the comments all your questions and instruments analysis of which you want to see.

Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.

P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade


Get access to the private club with VIP signals 👉 bit.ly/Biko_VIP_SIGNALS

🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy

🔷YouTube 👉 bit.ly/YouTube_Lessons
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.