weslad

Bitcoin Market update(Rising channel in View)

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello friend,

Well as we all know we mentioned about danger zone(sell off area) from our last update, so far so good the zone held so fine, but the question is for how long will price will keep getting rejected from this danger zone.

This lead us to the idea of Rising channel as we all know its all about top and bottom of the channel with price keep within.

From the chart I showcase support and resistance line, these lines are important level to keep an eyes on should in case price move towards them.

My trading plan right now is to wait to short again from the danger zone with a tight stop loss and if this stop hit, the whole plan will CHANGE to long the re-test of the danger zone.

Best long entry remain the blue marked zone from the chart.

Thanks for reading through my update as all the targets were clearly shown on the chart.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Thank you.
Trade active: This will likely break down, if it does, let just keep an eyes on the blue long zone

Trade active: This happen so fast

Trade closed: target reached: Drop target achieved
Trade active: Price reach Buy Zone, do this with serious caution as I will prefer to make it ladder form with tight stop loss should incase this dump to be continue.
Trade closed: target reached: Thank you all for the love and support, Presently working on another batch of market update. It will be publish when its done.
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Comments

well done. nice review.
+9 Reply
weslad ProjectSyndicate
@ProjectSyndicate, thanks for reading my update
+1 Reply
@weslad, cong. bro. What about link coin? any update pls
Reply
weslad Erkan_Ozak
@Erkan_Ozak, I will look into it today
Reply
@weslad, thanks mate
Reply
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