Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON BTC 📚
👉As we can see price is still overall bullish from a long-term perspective trading inside this rising broadening wedge pattern.
👉Moreover, Price is now trading inside this falling channel, as a correction movement, Meanwhile, as what we for is, as the price will be approaching 60k-62k, we will be looking for new longs on lower time frames, where the price will be approaching a massive support zone, lining up with our rising trendline holding the price back adding on, our lower bound of this channel acting as an over-sold zone.
👉Unless price managed to break below 60k from Daily time frame, then a movement lower would be expected. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON BTC 📚
👉As we can see price is still overall bullish from a long-term perspective trading inside this rising broadening wedge pattern.
👉Moreover, Price is now trading inside this falling channel, as a correction movement, Meanwhile, as what we for is, as the price will be approaching 60k-62k, we will be looking for new longs on lower time frames, where the price will be approaching a massive support zone, lining up with our rising trendline holding the price back adding on, our lower bound of this channel acting as an over-sold zone.
👉Unless price managed to break below 60k from Daily time frame, then a movement lower would be expected. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!