Good day, Selling XBTUSD between 9450-9500$ with stoploss ~ 9630$ Take profit #1 - 8950$ Take profit #2 - 8530$ idea invalidated with 4H close and open above 9630$ . #RR ratio ~ 7 Good luck, Stay safe.
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Just an update with some explanations of my simple analysis. I guess it speaks for itself. We might see a stop hunt whale move in the opposite direction as the general expectation is quite evident. Always be safe adjust your risk management accordingly. Be safe and DYOR. Added Target 4: 6800.
Flag formation occurred. Points that need to be broken , destinations are specified on the chart.
Bitcoin Technical Overview: Key Resistance: $6280 - $6340 - $6392 - $6450 Key Support: $6230 - $6170 - $6116 - $6036 Technical Indicator: RSI: RSI lacks upside momentum, in chart dotted red line is strong resistance for XAUUSD. MACD: Indicator having strong seller volume. Moving Avg: SMA50 ($6388.41) & SMA20 ($6434.35) strong resistance for the day (4H...