đź’Ž BTC : New Levels Formed on LTF, How to Trade???
Hello Dear Traders,
(Crypto Market Cap : 670 Billion , BTC Dominance:65.8%)
As we are watching massive bitcoin rally after historic breakout from 20k. in last post i mentioned that bitcoin must cross 20k within 7 days when it was trading 19200$. as expected things happened and btc crossed 20k within 7 days. in last 2 days btc created new zones on 4hr timeframe which is very important in terms of trading
first demand zone is from 22400-22700 ,whenever price will come here its going to bounce,
second supply zone was from 23000-23400 bt today its now converted into new demand zone.
and third supply zone is 23900-23200, which is fresh supply zone ..sellers are selling from 23900-23200.
the way btc is moving i don't think so 3rd supply zone will work in next retracement. bt u have a close look when price reaches in this supply zone , if price struggles in 3rd supply zone then u can short the bitcoin with short term target of 23000-23400.
everyone is curios where btc will get hard stop, my view on this is in every market there are some psychological levels like 5000,10000,20000,25000
i m expecting wherever btc touches 25k ...heavy selling we might see. till trade carefully prefer LONG only positions whenever btc touches demand zone.
our previous alts trades are going great. please have a look on our tradingview account.
(Crypto Market Cap : 670 Billion , BTC Dominance:65.8%)
As we are watching massive bitcoin rally after historic breakout from 20k. in last post i mentioned that bitcoin must cross 20k within 7 days when it was trading 19200$. as expected things happened and btc crossed 20k within 7 days. in last 2 days btc created new zones on 4hr timeframe which is very important in terms of trading
first demand zone is from 22400-22700 ,whenever price will come here its going to bounce,
second supply zone was from 23000-23400 bt today its now converted into new demand zone.
and third supply zone is 23900-23200, which is fresh supply zone ..sellers are selling from 23900-23200.
the way btc is moving i don't think so 3rd supply zone will work in next retracement. bt u have a close look when price reaches in this supply zone , if price struggles in 3rd supply zone then u can short the bitcoin with short term target of 23000-23400.
everyone is curios where btc will get hard stop, my view on this is in every market there are some psychological levels like 5000,10000,20000,25000
i m expecting wherever btc touches 25k ...heavy selling we might see. till trade carefully prefer LONG only positions whenever btc touches demand zone.
our previous alts trades are going great. please have a look on our tradingview account.
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