Hi dear traders
BTC has formed the pattern of Adam and Eve.
After breaking the resistance line, it climbed up to the 21K resistance zone.
Now we will analyze the movement of BTC based on liquidity zones.
18800 is the stop for buyers.
The 4H zone is marked for buying, but it is high risk, with a stop of 17200.
The ultimate target area is 24K and the liquidity area is 25K.
Now BTC move above EMA20 act as support.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
BTC has formed the pattern of Adam and Eve.
After breaking the resistance line, it climbed up to the 21K resistance zone.
Now we will analyze the movement of BTC based on liquidity zones.
18800 is the stop for buyers.
The 4H zone is marked for buying, but it is high risk, with a stop of 17200.
The ultimate target area is 24K and the liquidity area is 25K.
Now BTC move above EMA20 act as support.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
We can see bearish divergence between price and RSI in 4H time frame. Posibel price go down to near 20.2k and 20k area .
Let's see what happens
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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.
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.