Bitcoin is still in the risk of more drop
Hi everyone
For now BTC price's moving is limited to a ranged zone of my chart (31700 to 34700)
it may take more time to break either side of this two limitation level but if
you look at the indicators, they indicate in negative side more than the positive side.
hence, it may change in days coming and you need to accept the reality that it is
not 100% assurance that we keep dropping anyway, but to me if the price close below 31700
I assume we have more chance for bear side.
where it will go if drops, could be somewhere between my two green area on the chart.
by the way this chart below is the signal I put in my last BTC analysis published
for more details you can see my last published on BTC chart (linked below)
....................................................
always trade based on your proper money management and stop loss.
Enjoy the market
For now BTC price's moving is limited to a ranged zone of my chart (31700 to 34700)
it may take more time to break either side of this two limitation level but if
you look at the indicators, they indicate in negative side more than the positive side.
hence, it may change in days coming and you need to accept the reality that it is
not 100% assurance that we keep dropping anyway, but to me if the price close below 31700
I assume we have more chance for bear side.
where it will go if drops, could be somewhere between my two green area on the chart.
by the way this chart below is the signal I put in my last BTC analysis published
for more details you can see my last published on BTC chart (linked below)
always trade based on your proper money management and stop loss.
Enjoy the market
Trade active:
pushing downward still activated
Comment:
moving limitation into the channel
Trade active:
broke above the channel but couldn't hold the price upward so the last chart still validated.
Comment:
price can test 3750 again. if gains more than this level could turn back to uptrend
