BTC UPDATE
Updated
This analysis is an update to the analysis you see below in the "Related Ideas" section
The supply range of the previous analysis was engulfed.
The price has stabilized on a flip range.
A bullish iCH has formed on the chart.
The price moved up with strong momentum.
These are signs that Bitcoin is willing to push itself to higher supply ranges.
It is logical and wise to look for sell/short positions from higher supply ranges with these signs.
In this update, we also updated the demand range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The supply range of the previous analysis was engulfed.
The price has stabilized on a flip range.
A bullish iCH has formed on the chart.
The price moved up with strong momentum.
These are signs that Bitcoin is willing to push itself to higher supply ranges.
It is logical and wise to look for sell/short positions from higher supply ranges with these signs.
In this update, we also updated the demand range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
If you pay attention to the last few analyzes we published about Bitcoin, in all of them we were looking for sell/short positions from the specified supply range.
It reached the supply range and showed a good reaction and so far the price has dropped more than 11%
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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.