BTCUSD ready to break trendline and start to fall hard ?
Updated
if bitcoin doesn't break this all time high or at least 60K ahead double bottom on daily time frame formed and price start to fall :
ok and we talked about the reason of this weakness a lot on previous analysis:
so what we expect now is market follow red paths all the explanations are available on chart
Targets :
A. 55600
B. 51600
C. ...
we may have continuation to upside as you can see with green arrows shown beacuse we have still valid trendline (green trendline) and after breaking that trendline we would expect huge fall not now .
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💚>>
ok and we talked about the reason of this weakness a lot on previous analysis:
so what we expect now is market follow red paths all the explanations are available on chart
Targets :
A. 55600
B. 51600
C. ...
we may have continuation to upside as you can see with green arrows shown beacuse we have still valid trendline (green trendline) and after breaking that trendline we would expect huge fall not now .
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
we are looking for more fall here
Note
falling start ? or Some correction?
let me know in comment session
Note
What is going on take look at daily time frame :
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VIP Channels:
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check pinned message in telegram for more information.
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