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Finnovin
Nov 26, 2022 11:41 AM

Bitcoin 17000 critical level 

Bitcoin / TetherUSBinance

Description

Leave out your comments.
I'll answer any question ASAP.

Comment

Plan:

In case of trading, for buy positions you should be still cautious as bullish momentums are so unstable. even after breaking the orange line, price will have a major drop, hitting the redline.
so buy positions should be on low timeframes and with tight stop-loss and risk-free strategies.

but for short positions you can rely on hourly and 15 min timeframe.
if major weaknesses are observed, wait for a big drop to the green zones.

Comment

Long story short:

Upward positions are risky but more probable with no good risk/reward

Downward positions are less probable but with good risk/reward.

any more questions?
Comments
sinafarazmand
hi.
btc going up or down?
Finnovin
@sinafarazmand, Read the caption, I add your answer
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