I am excited to see BTC in this price. Everyone who have experience in trading know this is the biggest discount he will EVER see. I marked two major areas that will reverse the price.
Target 1: 19,600-17,700 Target 2: 12,000-10,000
whales will start accumulating BTC from those demand areas (because the Imbalance candles) If price drop below 17,700 then the next target will be 12K-10K which also the strongest.
BTC is effected by the Dollar and the NASDAQ. This is the only reason for the bear market.
I am not reccomend using leverage for long term positions, like this one. If you liked the Technical analysis please like and follow.
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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.