Today #BTCUSDT has give hope to us a litle bit today but it was still on the downtrend.
There is 3 poısible options now for Bitcoin;
1 - The price can go till resistance zone and after that go sideways formed a channel between 42,300 usdt and resistance zone.
2 - There will be a surprise if the resistance is broken and price will try the 50,000 usd again.
3 - Most posible scenario is a bearish triange formation , if this happens the price can decrease till 36,500.
We put a bearish triangle image on the chat just for information.
The cirtical point of this analysis is not the resistance but the 42,300 ~ 40,000 support zone...
Good luck and dont fortget to use stop loss on your trading.
it was a publishment with educational purposes , it was not a investment advice.
There is 3 poısible options now for Bitcoin;
1 - The price can go till resistance zone and after that go sideways formed a channel between 42,300 usdt and resistance zone.
2 - There will be a surprise if the resistance is broken and price will try the 50,000 usd again.
3 - Most posible scenario is a bearish triange formation , if this happens the price can decrease till 36,500.
We put a bearish triangle image on the chat just for information.
The cirtical point of this analysis is not the resistance but the 42,300 ~ 40,000 support zone...
Good luck and dont fortget to use stop loss on your trading.
it was a publishment with educational purposes , it was not a investment advice.
Note
The moon is falling ...Trade closed: target reached
TP1 reached waıtıng for TP2 and after that deal will be closed..Note
TP2 reached position closed.
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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.
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.