The price failed to hold above $1728 and currently, the $1680-1728 price level is a potential move zone. Judging from the broader range its higher price range accumulates numerous bearish chips and price recovery looks particularly difficult. Subscribe and Share Earlier analysis
Technical analysis never fails to legitimize itself. Combined with fundamental analysis, it’s uncanny how accurate price prediction can be!
The price tested the previous lows and rebounded after being supported. Having dodged the shorts, the long rally should target around $1711 and I do not recommend setting targets to higher levels. Subscribe and Share
Scenario 2, the outlook is not promising. BTCUSD from the previous rally finishing, quickly turned into a descending pattern after breaking the channel, if the price fails to recover to the channel, then the price will go even lower. Subscribe and Share
Price will consolidate at $1700-1726. If you are short, stay cautious as the price may not move down to your target. Subscribe and Share
The drop did not attract buying. The rebound was also very short-lived and did not extend the recovery, so the price should test lower price levels. Subscribe and Share
I missed a good time to make a profit. My target was set at $1711 and while the price was hovering at $1723-1726 as indicated by the black arrow, I was not firm enough to hold my short position and once again failed to make money. Subscribe and Share
Buy $21300-21500 Stop Loss $20700-20900 Target $22000-22500 Subscribe and Share
It is more profitable to go long than short in the short term, but be aware that there are multiple resistance levels above. It is more important to cash profits than to judge the entry point, do you agree? Subscribe and Share
Consolidation 3780-4380 Green zone is the support level Red zone is the resistance level Subscribe and share
The green price range is a demand area and there should be a certain amount of short positions that will be closed to drive the price rally. I think the price level of $1715-1725 is attractive to me to establish long positions to earn profits due to price swings. Subscribe and Share
Where's the next target? $1733-1736, right ?
Price will reach $21,700-22,200? Subscribe and Share
1 Rebound to $21400-22400 2 Break below $20700 to lower price Subscribe and Share
Support level $20800-21000 Still in downtrend if price recovery does not reach expected position. Subscribe and Share
Resistance level $1757-1763 The short term trading pattern gives a signal that the price may go down to $1743. But this is not my trading plan, check my thoughts often to follow the latest situation. Subscribe and Share
Short-term resistance level $24700-25200 Key level $22400-22700 Support level $21700 Subscribe and Share
Medium-term support level $140-156 Short-term resistance level $187-195 Pullback correction may be over. The price tested the support level and is in a rebound trend. Like and Share