Dear traders,
Bitcoin was moving nicely and even reached the yearly high of 81k. However, it’s likely to hit the 74k region again before reversing and continuing its bullish momentum. Currently, the market is experiencing immense selling pressure, which could severely impact cryptocurrencies. At this point, we might see the price reach the $81k range and then reverse from the area marked with the blue box and as indicated by the arrow on the chart. Please carefully read the chart first; each move would explain its reasoning.
Good luck and trade safely!
The Setupsfx_ Team
Bitcoin was moving nicely and even reached the yearly high of 81k. However, it’s likely to hit the 74k region again before reversing and continuing its bullish momentum. Currently, the market is experiencing immense selling pressure, which could severely impact cryptocurrencies. At this point, we might see the price reach the $81k range and then reverse from the area marked with the blue box and as indicated by the arrow on the chart. Please carefully read the chart first; each move would explain its reasoning.
Good luck and trade safely!
The Setupsfx_ Team
Trade closed: stop reached
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t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
Related publications
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.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Join now our brand new group.
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
Related publications
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.