💎BTC : Correction Over or More Dump is Coming?? How to Trade?
Hello Dear Traders,
(Crypto Market Cap : 650 Billion , BTC Dominance:66.7%)
In Last post i discussed about 3 key levels which are very important for btc which was new supply zone from 23900-24400$ , after publishing post BTC dumped exactly from the supply zone. and tested demand zone which was from 22400-22700$ , BTC performed exactly as expected in previous post. while writing the idea btc successfully tested 22300-22700 level and received strong demand and currently trading at 23400$.
On daily Time Frame btc became bearish after 9 days of strong rally, as FOMO and institutions are buying btc heavily. there is not very much scope downside, bt if new covid 19 strain hits hard on world markets , then btc is going to dump to 19500-20000 level again. as we know 20k level is psychological and historic breakout level. this level is going to act as very strong support if price reaches this level.
BTC is trading in new price action area. here supply and demand zones are very fragile. nothing is certain, bulls and bears may dominate each other very easily.
and in this price area there are many weak hands buying and holding btc , any sudden crash or pump may trigger for profit booking and hard sell off. proper money management and capital allocation is strictly recommend here.
Our Altcoins long trade setup worked great, many traders personally messaged me and thanked for idea. many more profitable trade setup coming soon. dont miss tht
Thank You for appreciation and lots of Love.
Thanks for your support! If you liked this analysis, please support our profile with a 👍 and follow us to get a new daily analysis.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 650 Billion , BTC Dominance:66.7%)
In Last post i discussed about 3 key levels which are very important for btc which was new supply zone from 23900-24400$ , after publishing post BTC dumped exactly from the supply zone. and tested demand zone which was from 22400-22700$ , BTC performed exactly as expected in previous post. while writing the idea btc successfully tested 22300-22700 level and received strong demand and currently trading at 23400$.
On daily Time Frame btc became bearish after 9 days of strong rally, as FOMO and institutions are buying btc heavily. there is not very much scope downside, bt if new covid 19 strain hits hard on world markets , then btc is going to dump to 19500-20000 level again. as we know 20k level is psychological and historic breakout level. this level is going to act as very strong support if price reaches this level.
BTC is trading in new price action area. here supply and demand zones are very fragile. nothing is certain, bulls and bears may dominate each other very easily.
and in this price area there are many weak hands buying and holding btc , any sudden crash or pump may trigger for profit booking and hard sell off. proper money management and capital allocation is strictly recommend here.
Our Altcoins long trade setup worked great, many traders personally messaged me and thanked for idea. many more profitable trade setup coming soon. dont miss tht
Thank You for appreciation and lots of Love.
Thanks for your support! If you liked this analysis, please support our profile with a 👍 and follow us to get a new daily analysis.
This trading idea has been presented to you by ROHITWORKSS
