Bitcoin / TetherUSShort
BTC to 29K !!!!
Hi everyone!
Daily 4H 1H
As previously said on my previous post mentioned that BTC had a chance to test 45K. But unfortunately the current circumstances across all markets are NOT looking good all this as been referred to the current situation with Russia and Ukraine.
But NOT everything is bad as good outcomes come from Red markets: We can accumulate Long term potential coins with solid projects. Forget meme coins and focus on solid structured projects, much suggestion is to stay away from Scalping unless you know what you are doing.
I mentioned that "If failing to hold above this level and( a) daily candle closes below 40.8K (White broken line)Would mean that the Price Channel is broken BTC cloud drop to 35k or even lower." My 34.5k New trend line in blue has touched for the second time and is playing a key support If failing to hold we can see it going down to 29K.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Daily 4H 1H
As previously said on my previous post mentioned that BTC had a chance to test 45K. But unfortunately the current circumstances across all markets are NOT looking good all this as been referred to the current situation with Russia and Ukraine.
But NOT everything is bad as good outcomes come from Red markets: We can accumulate Long term potential coins with solid projects. Forget meme coins and focus on solid structured projects, much suggestion is to stay away from Scalping unless you know what you are doing.
I mentioned that "If failing to hold above this level and( a) daily candle closes below 40.8K (White broken line)Would mean that the Price Channel is broken BTC cloud drop to 35k or even lower." My 34.5k New trend line in blue has touched for the second time and is playing a key support If failing to hold we can see it going down to 29K.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
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.