BTC/USD : Where to sell, Where to buy !
XBTUSDHello everyone 😃
On last week, We had 3 stop-losses; And a missed major plan !
It's gone and now we need to rethink for new directions and strategy...
Now; BTC has just engulfed the $45800 level and it confirms the leg up to $56900 resistance !
But there are still 2 resistance above, Before reaching the target level.
The 61.8% bearish FIB level and a H12 are located above the current level of #BTC..
So there can be a rejection from the zone to the lower supports !
That's where we'll get into another LONG for BTC with a target located at $56900 and ATH .
The bullish setup have 90% chance to run after a retest on lower supports, But we always need a confirmation for it; Cause it's not possible to be 100% sure for a major direction...
The lower SUPPORTS are located at :
- $44632.5 - $43868.0
- $42444.0
- $40506.5 - $40905.5
- $37955.5 - $39747.0
- $37317.5
🔴 Any confirmation below $37317.5 will change the majority of direction and it will reactive our last scenario with a retest on 27K classical level !
📚 So there is always a secondary plan !!!
📌 12th of August is an important day, So we can experience the bearish pivotal daily candle tomorrow, Or it can be a bearish breaker candle with a hold above daily MA200..
So it's recommended to watch for it, Currently BTC is moving below daily MA200 ( high source ).
However it just retests the broke bearish trendline and it standing as a bullish sign for #BTC...
If current candle and the next daily candle fail to break above it, Then it will be more likely to have a confirmation for bearish pivotal daily candle.
Hope you enjoyed our analysis about BTC's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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