Don't be panic is not yet over for Bitcoin Bull.
Bitcoin took a significant hit yesterday, dropping past our initial target zone and finding support at the secondary zone outlined in Plan B.
The purpose of our plan is to identify key levels or zones that serve as strong areas for potential trades. If the Plan B level continues to hold, the price may form a potential leading diagonal, creating a wave structure from 1-5 as highlighted on the chart.
This scenario could push BTC's next target back to the 66k-68k range. This setup allows us to use a tight stop loss just below 56k.
It's a volatile market, so we should be prepared for any outcome. Trade safely.
The purpose of our plan is to identify key levels or zones that serve as strong areas for potential trades. If the Plan B level continues to hold, the price may form a potential leading diagonal, creating a wave structure from 1-5 as highlighted on the chart.
This scenario could push BTC's next target back to the 66k-68k range. This setup allows us to use a tight stop loss just below 56k.
It's a volatile market, so we should be prepared for any outcome. Trade safely.
Trade active
Price going smoothly as expected, we may have first stop at 62k area, we should keep a close watch on this zone.
Trade closed: stop reached
provided sl hit. The idea failed
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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.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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.