Hello Traders, Continuing from where we left off yesterday, BTC is trending down as predicted and is currently trading at a major support level. Here is my TA for BTC. Bullish Scenario (Lower probability of playing out) -We are currently at a major support level. It's possible BTC consolidates here for several days while preparing for the next move. -It's...
Here is my chart analysis for BTC/USD. There are quite a few things to cover here both in the short and longer term. Short Term: -BTC has formed a Bearish Pennant with perfect structure. The technical target is around $41,300. -You could enter a short from the pennant using an entry method if breakdown occurs and bearish continuation is confirmed. Longer...