Hi dear community members and my loyal followers. Let me update my BTC ideas for coming weeks and months. As you see I'm looking at weekly timeframe. After breaking out weekly falling wedge/main diagonal trendline/ BTC reached 25K, then dumped to 19.5K as I posted in my early analyses and bounced back to the same level but this time it succeeded breaking out main...
GU has been on a steady downtrend for a while now and it has broken a significant support level. This means theres could be more downside potential to the next significant structure level. The trade is running nicely in profit currently but I personally believe that there is more downside to come on Monday market open. Lets see how it pans out folks!
AS discussed in my previous chart, resistance zone has been established with the downward breaking gap. Look out, price may be rejected at 1250 to1252.50l levels and may find support at 12370(todays low levels) and previously established supports