H4 time frame.
Structure: The bearish structure was broken by a very strong upward move.
There is currently no confirmation of a bullish comeback for BTC after the price broke out of the 41000-45000 zone.
The 45000 price zone is likely to continue to be good support for the next uptrend.
Wait for the price to return to this zone and buy setups appear, then enter an order with the profit target at 53000.
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Wish you all have a good trading day!
Structure: The bearish structure was broken by a very strong upward move.
There is currently no confirmation of a bullish comeback for BTC after the price broke out of the 41000-45000 zone.
The 45000 price zone is likely to continue to be good support for the next uptrend.
Wait for the price to return to this zone and buy setups appear, then enter an order with the profit target at 53000.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.