BTC has cut the trendline and it has broken previous support, clear way down to test lows of approx 3.8k
Pretty much self explanatory.
Take the trade only if you agree with the analysis
Price has continued it’s downward trend and is currently retracing.
Look for any opportunities to short when it touches trendline and precious resistance between 0.588 and and 0.59 area.
Price may retest the 50ma and make an impulsive move downwards.
Trade wisely & hustle folks.
Patience is 🔑
Price made a lower high and might look to retest the 1.03 level before trending towards the low of 1.00.
Clear rejection of resistance multiple times. For a conservative short, look for a retest of support at 1.03 and a bearish pinbar/engulfing pattern.
Trade wisely & hustle hard!
Price broke market structure of support at 1.08632, it will look to retest that range and head down to the lows.
There is a high possibility that price would retest the 50ma, be patient and look for a probable short then.
Trade wisely!
Price broke market structure at support and is looking to retest the trendline and the 50 MA. Possible move upwards toward 103.00.
Please remember, everything in the trading market is subject to probability and not a guarantee.
Trade wisely folks!
