BitcoinShort
BTC/USD - Potential Short Scenario
Hello Traders!
After a month of consolidation between the local support levels of $19000 and resistance of $22800, the corrective movement began to develop.
We can assume that liquidity collection in the price range of $22800 - $26500 will be the movement's goal, where the price is now.
The structure of the higher timeframes remains downward. The trend change will occur if the price passes the resistance level of $29500 and breaks the downward sloping line.
Based on the analysis of senior timeframes and the macro situation, we can assume another wave of decline in the market. In that case, We can gain medium-term purchases on Bitcoin in parts between the price levels of $13900 - $16500.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
After a month of consolidation between the local support levels of $19000 and resistance of $22800, the corrective movement began to develop.
We can assume that liquidity collection in the price range of $22800 - $26500 will be the movement's goal, where the price is now.
The structure of the higher timeframes remains downward. The trend change will occur if the price passes the resistance level of $29500 and breaks the downward sloping line.
Based on the analysis of senior timeframes and the macro situation, we can assume another wave of decline in the market. In that case, We can gain medium-term purchases on Bitcoin in parts between the price levels of $13900 - $16500.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.