#BITCOIN WEEKLY OUTLOOK FOR LONGTERM
Greetings Folks,
today i have prepared a setup of BTC/USD
the analysis is as follows
- the price broke the bearish structure in jan 2023 and has made a new higher low but failed to make a higher high
- it was following a dynamic support till now but it has been broken earlier
- now the price has made a range and 2 outcomes are possible
-- either it will take support from the zone i have marked or will break to continue the bearish trend
- the chart is weekly so just use for referrence
dont play with fire, always use a predefined stoploss
today i have prepared a setup of BTC/USD
the analysis is as follows
- the price broke the bearish structure in jan 2023 and has made a new higher low but failed to make a higher high
- it was following a dynamic support till now but it has been broken earlier
- now the price has made a range and 2 outcomes are possible
-- either it will take support from the zone i have marked or will break to continue the bearish trend
- the chart is weekly so just use for referrence
dont play with fire, always use a predefined stoploss
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.