Welcome Bitcoin traders. Last analysis was done on 26 sep 21 where we doubled our targets. Analysed is attached here also.
1. Now Bitcoin is looking very weak and currently broke every trend line which was acting as support . Currently as depicted in chart it is moving inside a downward parallel channel. Short btc if 45450 is broken with sl of 46700 for a target of 36500.
2. If price reaches near upper portion of parallel channel then also short it for a target of 40000 with sl of 50600
Important part of trading is searching for a good risk to reward trade, even if u fail 7 times out of 10 ,then also u will be in profits. That's the key , identify what type of trader u are. My advice is to wait and wait till the time you get 1:5 trade. Best of luck do follow and give a like.
1. Now Bitcoin is looking very weak and currently broke every trend line which was acting as support . Currently as depicted in chart it is moving inside a downward parallel channel. Short btc if 45450 is broken with sl of 46700 for a target of 36500.
2. If price reaches near upper portion of parallel channel then also short it for a target of 40000 with sl of 50600
Important part of trading is searching for a good risk to reward trade, even if u fail 7 times out of 10 ,then also u will be in profits. That's the key , identify what type of trader u are. My advice is to wait and wait till the time you get 1:5 trade. Best of luck do follow and give a like.
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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.
Related publications
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.