#BTCUSDT Posible Bearish Triangle formation?
Today #BTCUSDT has give hope to us a litle bit today but it was still on the downtrend.
There is 3 poısible options now for Bitcoin;
1 - The price can go till resistance zone and after that go sideways formed a channel between 42,300 usdt and resistance zone.
2 - There will be a surprise if the resistance is broken and price will try the 50,000 usd again.
3 - Most posible scenario is a bearish triange formation , if this happens the price can decrease till 36,500.
We put a bearish triangle image on the chat just for information.
The cirtical point of this analysis is not the resistance but the 42,300 ~ 40,000 support zone...
Good luck and dont fortget to use stop loss on your trading.
it was a publishment with educational purposes , it was not a investment advice.
There is 3 poısible options now for Bitcoin;
1 - The price can go till resistance zone and after that go sideways formed a channel between 42,300 usdt and resistance zone.
2 - There will be a surprise if the resistance is broken and price will try the 50,000 usd again.
3 - Most posible scenario is a bearish triange formation , if this happens the price can decrease till 36,500.
We put a bearish triangle image on the chat just for information.
The cirtical point of this analysis is not the resistance but the 42,300 ~ 40,000 support zone...
Good luck and dont fortget to use stop loss on your trading.
it was a publishment with educational purposes , it was not a investment advice.
Comment:
The moon is falling ...
Trade closed: target reached:
TP1 reached waıtıng for TP2 and after that deal will be closed..
Comment:
TP2 reached position closed.