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Bitcoin testing supports and looking for a new bottomAs bitcoin has broken through support at 37,000, it is now exploring aggressively the support line at 36,500 respectively 36,000. If support breaks at 36,000, the next support line which Bitcoin can be exploring will be at 35,500 35,500 is also the ultimate support after which an approximate closer bottom can perhaps be seeing at approximately 33,000 Traders should be mindful of both short and long trades. The current Bitcoin trading area is no man's land.
by Mortdecai
Moving to 29K fragile support levelI'm afraid we are now moving in a real downtrend. If Bitcoin moves below 27500 USD, we will really have a very bad situation. If it holds around 29000, there will be no disruption in its move to above 68K +. so if it rebounds at 29000 USD, we can have hope for a 87000 USD resistance target. But it's too uncertain for now. Let's hope the 29K support level will not be as fragile as it seem right now. The bitcoin winter's is here now. it's not about snow, nor cold. But a bloody crypto massacre for many Don't take my words for granted, do your own analysis to confirm, and trade at your own risks.
B
by cardanophile
AUDJPY: channel breakoutHello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! AUDJPY : the price braked a neat parallel channel and I expect further bearish movement. please note how the price moved in the ascending channel that shows weakness of buyers. Our first target is shown on the chart (support zone). please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Short
by niktraders
IDEA - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. IDEA is sitting around daily support. And as per my last video analysis (attached below), we were waiting for IDEA to form a new swing high around the red trendline to consider it our trigger swing. on H1: our red channel is now valid but it is not ready to go yet. Before we buy, we want the buyers to prove control by breaking above the last high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower inside the green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
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