Welcome to this quick BTC update. Yesterday i posted a chart of BTC in daily timeframe. I told you in that update we can see a dump and told you to put stop losses in all your positions. Hope you listened.
Now let's get to chart. Currently bitcoin is trading above $47k and there is strong support here at $47,300 so we might see a pump from here and bitcoin's price touched again $48k. But if bitcoin doesn't hold this support then our next two supports are $45,500 and $44k.
In the longer time frame we might see a big correction in the price of BTC. If you haven't read my previous update then please read it. So now my advice is if you open any trade specially with leverage then don't be greedy. Always try to book your profits or put stop loss on all your trades.
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you.
Now let's get to chart. Currently bitcoin is trading above $47k and there is strong support here at $47,300 so we might see a pump from here and bitcoin's price touched again $48k. But if bitcoin doesn't hold this support then our next two supports are $45,500 and $44k.
In the longer time frame we might see a big correction in the price of BTC. If you haven't read my previous update then please read it. So now my advice is if you open any trade specially with leverage then don't be greedy. Always try to book your profits or put stop loss on all your trades.
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you.
Trade active:
BTC breaks the $47k support and also daily and weekly close below $47k which is not good. So far market goes as I predicted. Hope you listened to me and don't do much trading in these days.
Trade closed: target reached:
All targets hit. Hope you guys are happy with my analysis.
