Main cryptocurrency chart BTCUSD has been in a bearish correction since the end of June. Asset has tested the medium-term downtrend line (red line) several times and is currently trading relatively closely. The structure of movement itself, if you look closely, has a large number of local Fibo patterns.
To analyze them, let's introduce following symbols:
Bitcoin Now Suffering at Resistance level $10565.
Keep an eye on this level.
if this break then next Target will be $11500.
If rejected then $9500.
So guys play safe dear.
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Bitcoin now Struggle at resistance level $10423.
If we hold this price and break upward side then we can see $10800 and $11190.
This is next resistance level.
And if this is not hold then our Downside targets still same.
After 25 Minuts daily candle will close .
Follow 1&2 scenario .
Never open any trade without confirmations.
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A trend is confirmed and it is very likely that we gonna see some deeper levels here.
You can take two-approach.
Early short with a bigger risk or wait for the best liquidity area that is in early Shorts Stop Loss Level.
My personal strategy is to wait until we have had some clear indicator that a supply overpowering demand (Wyckoff).
These indicators we can find...
Hello to everyone,here is my perspective on the current situation.
I really want to see some good relief rally in to upper zone,it could be a low risk short trade and that mean you can open a really big position.
This kinda analysis is telling you my view on the support and resistance zones,but you must learn how to manage your trades.That is the number one reason...
BTCUSd now bear in short term.
Now tested $9389 support and trading above $9400.
Guys keep in mind after this support break next major support $9158.
if this support break then we can see $8000-$8500.
So not open any tread without any confirmation .
I will start accumulating #BTC if drop $8500 and more.
end this year we can see BTCUSD new All time high.
Preparing the ground to advance to 5k
Please friend warn people that they will fall even
just look graphics week view 1 week
1 day chart warning just now late
Will be the abyss