Traders,
Here we have BTCUSDT 1D chart.
Many traders are asking themselves now what is going on ? or what are the main factors that we have for BTC to take the right decision about bullish or bearish ?
Honestly we are in a critical level right now, but the higher probability to be bearish in the next few days for many reasons:
1- all EMA lines are gonna cross bearish in the next few days.
2- fake breakout from the bearish trend line
3- Bounce was for 0.618 Fib and must be tested again at 7k and to be broken.
4- am not a fundamental guy, but never forget halving in May 2020 cycle that explains a lot that we never have ATH before halving
5- The most important thing that we will have side ways from 6:6.5K till that halving then we will talk about a serious rally from there
6- Keep an eye on the purple circle.
Like if you appreciate this.
Regards,
Mohsen
Here we have BTCUSDT 1D chart.
Many traders are asking themselves now what is going on ? or what are the main factors that we have for BTC to take the right decision about bullish or bearish ?
Honestly we are in a critical level right now, but the higher probability to be bearish in the next few days for many reasons:
1- all EMA lines are gonna cross bearish in the next few days.
2- fake breakout from the bearish trend line
3- Bounce was for 0.618 Fib and must be tested again at 7k and to be broken.
4- am not a fundamental guy, but never forget halving in May 2020 cycle that explains a lot that we never have ATH before halving
5- The most important thing that we will have side ways from 6:6.5K till that halving then we will talk about a serious rally from there
6- Keep an eye on the purple circle.
Like if you appreciate this.
Regards,
Mohsen
Trade active
Trade closed: target reached
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Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
