Possible Breakdown on trend line resistence, we have to pay attention in the biggest timeframes if we want to have good analysis on smaller timeframes.
Make your own analysis.
Good point to see right now.
Possible bearish action.
It is important to pay attention to the trend lines for take advantage of scenarios like this!
This is a personal analysis.
This only can be used like reference.
Right now we have to pay attention to action price and trend lines!
Im seeing how fibo retracement is in 0.73 point
This is just a reference!
This is Not a financial advice!
We are living right now a short pullback up trend stimulated by all of incentives of goberments with the objective of pullback the crysis caused for COVID-19 effect.
Trade responsably!
This is just an own analysis!
Always follow the trends!
Btc could be entering in a Consolidation between 10.600 to 6.800, on the other hand btc could go up in a long term if breaks the resistence or go down if breaks support. However in this point is important to pay attention to the trend lines, supports and resistence of btc.
Always make your own analysis, this only can works like a reference.
•Possible buy after break of downtrend. For the moment the market is respecting the support on gbpjpy. We’ll be waiting for the action price.
•Take your own trade and follow the trend
That's a way you can do good money with crypto from forex market, taking 3% UP and risking just 0.25%. However this results are possible when you follow the trend lines on respective time frames, also a good risk management is fundemental for sucess.
Possible breackdown of trend line on D1, how i see on my trade this would be a good moment for think in a short sell term and long buy term ¡always respecting the trend line!
Note: Make your own technical analysis and take your own risk management!
This analysis suggests a short sell until his minimun range of 7600$ , on this range we should be thinking about long buy always respecting 1D trend and 1W trend .
The action price respect the downtrend, now it is possible to see a reversal bulltrend in short. However we have to pay attention to the trend if it breaks the resistence of the downtrend, then we would be talking about long bullish.
Note: follow the trend
Btc has been respecting a strong downward trend in 1W since it hit its highest high in the market of $ 14,000, this analysis suggests a possible sell in short and a possible buy in long after reaching the end of the downtrend in a range from $ 6000 to $ 7000.
Note: Respect the trend.
This new idea of BTC suggests that the price could be reversed in a bearish manner if it will reach between $5500 to $5750 otherwise it could continue its bullish course if it passes the range between $6150 to $6400.
