After lining up the swing highs and lows combine with the resistance zone, it looks like BTC/USD is about to shoot down. No sure prediction, but with my previous analysis, My deduction is that it will go down.
I am still not a pro trader, so, comment to share your own ideas, or correct mine, respectfully of course. Check more seasoned traders ideas and make your own researches before enter any trades.
[Thanks to my new followers, I promise to get better for you all]
Make sure to click the little rocket and follow.
Happy trading ╰(*°▽°*)╯
I am still not a pro trader, so, comment to share your own ideas, or correct mine, respectfully of course. Check more seasoned traders ideas and make your own researches before enter any trades.
[Thanks to my new followers, I promise to get better for you all]
Make sure to click the little rocket and follow.
Happy trading ╰(*°▽°*)╯
Note
update on the technical terms.This area is called an area of confluence. We just need confirmation with a price action, but if we have rejection and a key action price pattern right before a trendline break we will have a possible extreme drop
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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.