BTCUSD Technical Overview:
Selling Areas: 118400, 120000
Resistance: 118400
Supporting Areas: 115300, 110500 while the 108000 position is demand zone
Breakout Expected: 115300, 110500
Btcusd market has shown resistance at 118400 and from this position it can drop and test the lower areas but the market needs to break the areas of 115300 and 110500 to drop further. there are possiblities than market might touch 120000 before it drops but the chances are low as market has formed double top and can drop any time.
Selling Areas: 118400, 120000
Resistance: 118400
Supporting Areas: 115300, 110500 while the 108000 position is demand zone
Breakout Expected: 115300, 110500
Btcusd market has shown resistance at 118400 and from this position it can drop and test the lower areas but the market needs to break the areas of 115300 and 110500 to drop further. there are possiblities than market might touch 120000 before it drops but the chances are low as market has formed double top and can drop any time.
Trade active
still holding on sell targets will be same
Trade closed: target reached
Targets almost reached as market touched 112500
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.