Bitcoin
Bitcoin
Hello friends today is my first day of sharing my analysis to you.
see the image no.1
On 14 april 2021 btc made its all time high and then we see a approx 34% correction in the price take look at the green zone i mark this zone is last strong zone and from there we see a strong uptrend
now after this btc makes it all time high and then we see a downtrend to previous green zone and then market stopped to go down more and created a range. this is the trap for small traders why? because alot of traders open there long position on this zone but what market done its dump 3-4% more to liquidate the position of the the small traders. And then the liquidation completed the market breaks it ATH.
but you will be think why i am explaining to you. because same senario is happing again!!!!!!!!(see 2 image)
on 2 image you will see there is a 45000-39000$ support zone and market reach again to this level and it will countinue to liquidate small trade positions so where to take entry take take entry around
39000$ or below this will be good SL is mandatory
Hello friends today is my first day of sharing my analysis to you.
see the image no.1
On 14 april 2021 btc made its all time high and then we see a approx 34% correction in the price take look at the green zone i mark this zone is last strong zone and from there we see a strong uptrend
now after this btc makes it all time high and then we see a downtrend to previous green zone and then market stopped to go down more and created a range. this is the trap for small traders why? because alot of traders open there long position on this zone but what market done its dump 3-4% more to liquidate the position of the the small traders. And then the liquidation completed the market breaks it ATH.
but you will be think why i am explaining to you. because same senario is happing again!!!!!!!!(see 2 image)
on 2 image you will see there is a 45000-39000$ support zone and market reach again to this level and it will countinue to liquidate small trade positions so where to take entry take take entry around
39000$ or below this will be good SL is mandatory
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