short-term analyze for btc (bitcoin)
hello guys
as you see on chart, btc form in a ascending channel and at the end of the rising price, the quality of the trend has decreased until break down bottom line of wedge or bullish trendlin!
now price is at the bottom of the channel and it is so possible it has a very short upward movement until...
let me explain two scenarios:
scenario 1:
after breaking down bottom of wedge price formed a long bar candle and every long bar candle has a hidden gap on it. on this case hidden gap formed on $22395 and this price is so much suit for short position until reach and touch that liquidity pool. i mean $20070
scenario 2:
this chart had decision point before breaking down and this area it is so valuable for short positin, i mean $24174 by sl= $25000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
as you see on chart, btc form in a ascending channel and at the end of the rising price, the quality of the trend has decreased until break down bottom line of wedge or bullish trendlin!
now price is at the bottom of the channel and it is so possible it has a very short upward movement until...
let me explain two scenarios:
scenario 1:
after breaking down bottom of wedge price formed a long bar candle and every long bar candle has a hidden gap on it. on this case hidden gap formed on $22395 and this price is so much suit for short position until reach and touch that liquidity pool. i mean $20070
scenario 2:
this chart had decision point before breaking down and this area it is so valuable for short positin, i mean $24174 by sl= $25000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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