Bitcoin has been in a trading range all month. But the lower level of the range, which acted as support, could not withstand the sellers' onslaught. As a result, we got a strong decrease of the whole market.
In previous ideas, we noted that bitcoin constantly made re-low its lows.
All in all, this scenario almost came to fruition. But there are two key levels, $42K and $39.6K, where a lot of liquidity is concentrated and where the price is likely to go.
A false breakout of these levels would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
In previous ideas, we noted that bitcoin constantly made re-low its lows.
All in all, this scenario almost came to fruition. But there are two key levels, $42K and $39.6K, where a lot of liquidity is concentrated and where the price is likely to go.
A false breakout of these levels would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Comment:
Trade closed: target reached
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