BTCUSD is touching strong resistance zone correction ahead ?
Updated
Lets first take look at 4H chart for more detail :
s3.tradingview.com/snapshots/v/VF1u0F9Y.png
As we talked about it this red trendline is strong resistance zone for bitcoin right now and market loss strength by touching it and price is facing correction and on 15Min chart we had creation of H&S and neckline broke so more fall is expected after that too.
Targets:
A. 52600$
B. 50600$
Notice: black rectangle on chart is last resistance for bitcoin here and if that break then again pump and rise is expected .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
s3.tradingview.com/snapshots/v/VF1u0F9Y.png
As we talked about it this red trendline is strong resistance zone for bitcoin right now and market loss strength by touching it and price is facing correction and on 15Min chart we had creation of H&S and neckline broke so more fall is expected after that too.
Targets:
A. 52600$
B. 50600$
Notice: black rectangle on chart is last resistance for bitcoin here and if that break then again pump and rise is expected .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Note
better view of chart and resistance here :Trade closed: target reached
first target reached 😎👏(like👍)if fall continue and second target reach when you think next support is type number and let us know
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
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.