BTC: Double bottom or TRIPLE TOP??? Be Carefull!!!
Updated
Hello Everyone,
I am doing this analysis after long time as i was waiting to recover my loss. Finally i did it. I did not close my long position which i took at $28500 in August. Well, it was a good learning. This time Bitcoin and Matic tested my patience and finally my loss was recovered.
Now! This is important position. we are again above 30k. Now things are complicated. Is BTC going to cross and make support above $32500 or BTC going back to $27000. we should also keep in mind that this pump came just after a fake news. So credibility of this pump is really doubtful.
Well, things can go positive also for BTC. sentiments are positive and it can be used to trap some short position which is obvious from this position. We have to be careful. Also, Volume is still a concern. If you please notice the volume indicator, you can understand that volume is still an issue. This position is really going to test bulls if they want to stable above $32500, we need buy in good volume.
My Trade: i am Hedging now. But with a very tight stop loss and distance target.
Please be safe to take new trade.
I am doing this analysis after long time as i was waiting to recover my loss. Finally i did it. I did not close my long position which i took at $28500 in August. Well, it was a good learning. This time Bitcoin and Matic tested my patience and finally my loss was recovered.
Now! This is important position. we are again above 30k. Now things are complicated. Is BTC going to cross and make support above $32500 or BTC going back to $27000. we should also keep in mind that this pump came just after a fake news. So credibility of this pump is really doubtful.
Well, things can go positive also for BTC. sentiments are positive and it can be used to trap some short position which is obvious from this position. We have to be careful. Also, Volume is still a concern. If you please notice the volume indicator, you can understand that volume is still an issue. This position is really going to test bulls if they want to stable above $32500, we need buy in good volume.
My Trade: i am Hedging now. But with a very tight stop loss and distance target.
Please be safe to take new trade.
Note
Hello Everyone.. we are almost trading on the same resistance marked in the chart. I hope you must have taken the right trade.
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