This was the psychological threshold to hold, and it did not resist: Bitcoin has just lost $40,000. Since the approval of Bitcoin ETFs, the correction has been particularly clear from January 11 to date, the cryptocurrency has lost 19% of its value
This is only technical analysis be caarefull about fundamenetal news and the other stuffs too
this is my perspective about "AUDCHF" hope `you understand and get somemore !
Here we find BTC entering a new cycle, bulls may move into play as buying pressure of the world continues but bears very might come in abit to strong and knock BTC into a bearish cycle.
chart: Gold
TimeFrame: H4
Analysis Method: Technical Analysis
Analysis : If it break 1830 level then it will go up. But i thin it will go down badly so be prepare and put S.L in every correct point.
Trade Plan: Scalping + long term
Risk Management 0.4%
Things to Watch For : Wait for New .Its Depend on data .
65% of Retails are going to short and small tp with too small stop loss
fundamental and sentiments is on shorts lets check it and analyse with your own eyes and trade
📌 During the last five months, the price of Bitcoin increased more than five times - from $10,000 to over $60,000 while the global crypto currency market capitalization topped $1.7 trillion. When it comes to traditional assets, such a rapid rise in the value of an asset typically indicates the emergence of a financial bubble. But, what about crypto currencies?
📌...
Currently Bearish Scenerio as
1. bearish wedge of RSI at 15m and 6h tf.
2. Also rising wedge at 15tf.
3. Kind of Bearish Flag Printing
Sell Areas - 11350,11388,11406
Take Profit - 11319,11284,11235
Stop Loss - 11461
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Forex Trading are leveraged product & can result in the loss of your entire capital.
Please ensure you fully understand the Risks involved.
I appreciate your coming to see my Idea .
please Comment, Like and Follow to encourage me.
THANKS
if You Need Trading guide, ANY Notes about trading Feel free to message me.
Forex Trading are leveraged product & can result in the loss of your entire capital.
Please ensure you fully understand the Risks involved.
Comment Like to encourage Thanks
Forex Trading are leveraged product & can result in the loss of your entire capital.
Please ensure you fully understand the Risks involved.
Please Comment and Like to Encourage More/thanks
Forex Trading are leveraged product & can result in the loss of your entire capital.
Please ensure you fully understand the Risks involved.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved.
If trend holds, after the "double top" we have just seen at 19:45 GMT+2, we could see a NICE drop down to 14.00200.
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