🚨 After 7 Weeks, Finally We Will See WEEKLY Candle Bearish! 🚩
Hello Dear Traders,
(Crypto Market Cap : 539 Billion , BTC Dominance:62.3%)
Next 2 Days are very very important for Bitcoin and Alt-coins, After Few hours BTC will close its last weekly candle
as we know in last week after touching 19500 zone btc dumped hard, and somehow at the writing of the post trading at 18000 area.
bcoz of recent dump after 7 weeks of bullish rally we will see btc closing bearish.
On 1 December we will see monthly candle closing, it is very significant since it would mark the highest close in Bitcoin’s history if the price remains over $13,791.
After Monthly and Weekly candle closing, bitcoin might see a spike in volatility when the new weekly and monthly candles open, especially after a large short-term correction.
As We Discussed in recent post after correction in price bitcoin was able to sustain above trend-line, on daily time frame btc has shown every nice reversal candle, so in upcoming weeks we can see btc touching again 19500 supply zone, after dumping the price hard bears has proven 19500 territory is bears territory, if btc touches again this level then again bears will try to dominate on btc.
In last post
we discussed about how previous demand zone will act now as a fresh supply zone .. as expected btc is struggling hard to cross this fresh supply zone. After Weekly closing we will identify next weeks direction.
Thank You.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 539 Billion , BTC Dominance:62.3%)
Next 2 Days are very very important for Bitcoin and Alt-coins, After Few hours BTC will close its last weekly candle
as we know in last week after touching 19500 zone btc dumped hard, and somehow at the writing of the post trading at 18000 area.
bcoz of recent dump after 7 weeks of bullish rally we will see btc closing bearish.
On 1 December we will see monthly candle closing, it is very significant since it would mark the highest close in Bitcoin’s history if the price remains over $13,791.
After Monthly and Weekly candle closing, bitcoin might see a spike in volatility when the new weekly and monthly candles open, especially after a large short-term correction.
As We Discussed in recent post after correction in price bitcoin was able to sustain above trend-line, on daily time frame btc has shown every nice reversal candle, so in upcoming weeks we can see btc touching again 19500 supply zone, after dumping the price hard bears has proven 19500 territory is bears territory, if btc touches again this level then again bears will try to dominate on btc.
In last post
we discussed about how previous demand zone will act now as a fresh supply zone .. as expected btc is struggling hard to cross this fresh supply zone. After Weekly closing we will identify next weeks direction.
Thank You.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
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