Bitcoin View in Mid-term Possibilities.

Hello guys,

BTC remain in downtrend channel formation.

Potential Level to watch for:

In Resistance perspective:
7800
8680
9340
Important Support Level:
6675
6500
6270
5950
5450

Out of the support level we have strong potential reversal zone to be within 6250$ and 6650$ with a possible wave leg missing.

The post will be giving timely update as market develop.
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

Trade active:

This is the current market view, as price holding within a triangle. This can break to either of the sides.

Trade active:

Bitcoin is looking a bit stable with much more potential fo upside move towards 8k zone. This will be possible only if our immediate support zone hold.

Trade active

Trade active

Trade active

Trade active:

Trade closed: target reached:

Price crushed immediate resistance zone and aiming for big target

Trade closed: target reached