Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Daily: The daily timeframe is bearish.
H4: We see on the h4 timeframe overall a downside trend with beautiful pullbacks to the upside.
H1: Here we see the upside pullback in more detail.
M15: On the m15 timeframe we draw the counter trendline and wait...
1d time frame:
The past few days I've stated that the real direction could be determined by closing above the $10365 marker on the daily or below the $10024 marker. Neither of which has happened. So I expect more sideways (1-2 more days) until one direction powerfully overcomes the other. Because this is either re-accumulation before a push up OR a distribution...
Hope this idea will inspire some of you !
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ZILBTC Has Successfully Break the Resistance line which now acts as a Support now Market Can Hit New Resistance Line
If you can afford 8% Risk Then You a Buy it otherwise stays away.
Note: This is only for Educational Purpose this is not Investment advice.
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Good day Traders!
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