#BTCUSDT: Major Bearish Correction?Bitcoin is currently undergoing a correction following its recent peak. While the initial price decline appeared insignificant, it has since experienced a substantial drop, suggesting a substantial volume of selling activity in the market.
We anticipate two potential areas where the price could reverse and resume its upward trajectory. These areas could lead to a price of 110,000, followed by 120,000, and ultimately reaching 150,000.
We strongly recommend that you implement rigorous risk management measures and conduct your own analysis before making any investment decisions.
Best regards,
Team Setupsfx_
Btcudstlong
BTC 1h updateSince 9 PM on December 11, the 1-hour chart shows an uptrend, with support levels forming at 99,587 and 100,309. A double-bar spring appears to be developing at the 100,309 support, with the first bar showing a notable volume spike and the second bar still forming. If this spring completes and confirms, the price could rise toward the next resistance level. After the spring, the 5-minute chart may offer a good entry point for a long position.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
I switch to this option as the main
Entry: market and lower
Stop: ~38k
Targets: 48 and 51k
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 4
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changed from my last idea.
Im waiting for correction in 45-43500 zone and continuation of growth.
Stop: ~40k
Targets: 48 and 52k
Risk/Reward: 1 to 3
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.