BTC/USDT - The Buy order was triggered. BITCOIN Update
Updated
Hello everyone, analyzed the BTC/USDT pair
A small update.
On the chart, we see the global figure " inverted head and shoulders"
In principle, I did not write anything new.
But, there are correction levels and global levels.
The fibo grid will show you the correction levels
And I will write on my own:
To update ATH, bitcoin should consolidate the price above the level of 52000-52500, reaching the FIBO level of 0.382 and leaving it behind.
The global support zone, as well as a break in the uptrend - breaking the level of 44000-43000.
For full confirmation, you need to look at the daily as well as the weekly timeframe.
The resistance level is now both MA50 and MA200
One of them is just passing now at the level of 0.618 FIBO.
The price rollback is visible. which is a "bad sign for growth"
if the bulls manage to destroy and fix the price behind these levels. This is the first and good sign that the price can bring and update the level of 52000 and complete the figure " inverted head and shoulders"
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
Have a nice day and come back again."
Write your opinion, whether there is a place to buy here, and open a long position
A small update.
On the chart, we see the global figure " inverted head and shoulders"
In principle, I did not write anything new.
But, there are correction levels and global levels.
The fibo grid will show you the correction levels
And I will write on my own:
To update ATH, bitcoin should consolidate the price above the level of 52000-52500, reaching the FIBO level of 0.382 and leaving it behind.
The global support zone, as well as a break in the uptrend - breaking the level of 44000-43000.
For full confirmation, you need to look at the daily as well as the weekly timeframe.
The resistance level is now both MA50 and MA200
One of them is just passing now at the level of 0.618 FIBO.
The price rollback is visible. which is a "bad sign for growth"
if the bulls manage to destroy and fix the price behind these levels. This is the first and good sign that the price can bring and update the level of 52000 and complete the figure " inverted head and shoulders"
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
Have a nice day and come back again."
Write your opinion, whether there is a place to buy here, and open a long position
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