I think after 3 attempts to enter Channel 7 and succeed in getting the number 7200, there is no energy left to continue the path and Bitcoin has lost its resistance to keep Channel 6, The bulls have used all their strength and are now making their last efforts to maintain this position, and the bears are ready to launch a deadly attack with the power they have...
We have an old, strong weekly resistance in the price range 5800, and to break this resistance there has to be another twist to 6k and try to break 7k, We seem to be moving to the shado of last week candle.
ba tavajoh be moghavemat ghadimi va ghavi dar mahdodeh 5800 be nazar miresad baraye shekastane in moghavemat...
After a price hike, gold seems to lack the energy needed to continue on the uptrend and should gain it with a short-term price drop.
It looks like the downtrend is going to the old uptrend and it might even break down to 1440$, Gold needs a correction to continue the uptrend, and I think we'll stay in a downtrend for a few weeks.
after try to see 7k and fail it, we ready to start down trend in short time, first target on 6450 then:
T1 = 6450
T2 = 6190
T3 = 6080
bad az talash na movafagh baraye vorood be kanal 7k va shekaste kanal Soudi, enezar miravad yek ravand kotah modat nozooli be target Haye bala dashte bashim, hatman had zarar taeen konid.
After a sharp fall in bitcoin prices in one day we saw the excitement in the market soar and now we are reducing that excitement with shorts fluctuating, bitcoin has been in the bearish channel for more than 2 years and 2020 the year with halving news There are high hopes for a price rise above $20K but I think this is not going to happen this year, to reach such...
IOST exited from neutral zone and ready to grow up,
best time to get long position,
don't forget set your best stop loss,
T1 = 0.004428
T2 = 0.004540
T3 = 0.004740
Tx = If downtrend line are break up I'll saying targets in comments.
BTC is ready to last jump of month, buy and set stop loss as below:
SL= 7700, also you can choose stop loss closest to your buy price,
Retail stop after T2 on 4h timeframe,
if break 13000 for more of 1 day candle we should get long swing position for 2020 and just set daily retail stop loss.