💎BTC: Broke Important Support of 54k, Next Demand is at 46k
Hello Dear Traders,
In Last post i discussed about how elon musk tweet energized market again btc tested 57k after tweet and it started dumping.
On many posts i mentioned about how Short sellers are shorting btc on every rise.
today btc dumped frm very important demand zone 54k, and now testing 50k psychological level.
if btc doesn't sustain here then next solid demand zone is 46k.
46k is Weekly demand zone, in any condition its going to sustain.
In last post i mentioned tht,"Also Keep in mind tht on weekly timeframe btc made double top chart pattern and last weekly candle is bearish."
bcoz of previous week bearish sentiments, on lower timeframe btc is bearish.
ALTS dumped hard, its time to buy the dip.
In Last post i discussed about how elon musk tweet energized market again btc tested 57k after tweet and it started dumping.
On many posts i mentioned about how Short sellers are shorting btc on every rise.
today btc dumped frm very important demand zone 54k, and now testing 50k psychological level.
if btc doesn't sustain here then next solid demand zone is 46k.
46k is Weekly demand zone, in any condition its going to sustain.
In last post i mentioned tht,"Also Keep in mind tht on weekly timeframe btc made double top chart pattern and last weekly candle is bearish."
bcoz of previous week bearish sentiments, on lower timeframe btc is bearish.
ALTS dumped hard, its time to buy the dip.
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.