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P_S_trade
Feb 28, 2023 9:12 AM

BITCOIN BTC price keeps falling, when will it end ? 

Bitcoin / Tether USWhiteBIT

Description

Today's BTCUSDT idea is a continuation of the idea we published last week, and its logic works well.


Probably yesterday, the formation of the B wave was completed, which means that we can more accurately calculate where the C wave will end its fall

In our opinion, the price range of $22030-22230 can be considered as a zone of probable completion of the Bitcoin price drop. That is, in this zone, you should cover short positions, and you can also try to open long positions with relatively short stop orders.

And then follow the nature of the BTC price rebound, of course, if it happens :)
After all, if you remember from our previous ideas, the powerful liquidity zone is much lower.

In general, we recommend subscribing to us, because we release a lot of ideas for different coins and, most importantly, we keep a logical series of ideas that continue each other.

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Comment

Buyers managed to keep the price above the critical level, above $23,000
The price may continue to rise to $24,000 in the coming hours.

However, the threat of a price drop to at least $22000 still remains

Trade active

$24000 done ✅
and now can start moving towards $22000

Trade closed: target reached

Where to next?
Today we will publish a new idea for BTCUSDT
Comments
SpartaBTC
Locally, the price of bitcoin may decline slightly. Then there will be GROWTH AND CONTINUED BULLISH TREND.
P_S_trade
@SpartaBTC thank you for your comment and donate
Heatwaves-
Ive been closely following your analysis for many years. Your analysis seems to be more realistic and has sound logic. I appreciate your work!
P_S_trade
@Heatwaves-, thank you!) nice to read this
MladenJelic
very good analysis
P_S_trade
@MladenJelic, 👌👍
Mihai_Iacob
Good place to buy for new bullish move
P_S_trade
@Mihai_Iacob, hope so)
RLinda
Wow, great technical analysis. I like your work.
P_S_trade
@RLinda, 👌👍
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