I will write down some thoughts on BTC:
- BTC forms an upward wedge pattern (which, according to the rules of TA, breaks down)
- At the moment, the zone 8960 - 9030 is a strong resistance level.
- Briefly about the situation, now I'm waiting for a possible retest of the resistance level, when breaking through this zone on growing volumes, it is possible to buy Bitcoin with a target of $ 9300 and a stop for the zone that was resistance.
If the bulls fail to break through and gain a foothold above 9030, you can try the short with a short stop, and the target will be a local support test 8480 -8425.
Next Support 8240-8180
-Who is better to wait out of position, as this is the middle of the channel, and short stops can be removed.
Who in the purchase from the support zone stop can be put in a profitable bu.
This is just my opinion, not a call to action)
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Good luck to everyone in trading!
- BTC forms an upward wedge pattern (which, according to the rules of TA, breaks down)
- At the moment, the zone 8960 - 9030 is a strong resistance level.
- Briefly about the situation, now I'm waiting for a possible retest of the resistance level, when breaking through this zone on growing volumes, it is possible to buy Bitcoin with a target of $ 9300 and a stop for the zone that was resistance.
If the bulls fail to break through and gain a foothold above 9030, you can try the short with a short stop, and the target will be a local support test 8480 -8425.
Next Support 8240-8180
-Who is better to wait out of position, as this is the middle of the channel, and short stops can be removed.
Who in the purchase from the support zone stop can be put in a profitable bu.
This is just my opinion, not a call to action)
Looks nice? Leave a like, share and leave a comment.
Thank you for your visit.
Good luck to everyone in trading!
I will consider the purchase after retest 9030