BTC: NEED A PULLBACK TO CONTINUE THE TREND
Hello Traders,
📈 On weekly chart, you can see that BTC has demonstrated a strong uptrend, price above on 3 EMA
However, after ETF approval, a rejection at the 48,000 - 50,000 resistance range, BTC need to a pullback to able to continue the trend.
🎯In my trading opinion:
BTC will be down to price zone : 32-35K. When price will touch EMA50 on weekly chart and after that, have a good reversal here to uptrend.
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
📈 On weekly chart, you can see that BTC has demonstrated a strong uptrend, price above on 3 EMA
However, after ETF approval, a rejection at the 48,000 - 50,000 resistance range, BTC need to a pullback to able to continue the trend.
🎯In my trading opinion:
BTC will be down to price zone : 32-35K. When price will touch EMA50 on weekly chart and after that, have a good reversal here to uptrend.
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
📉 update bitcoin chart 01/24 : a good moving
It moved 1/2 road of my plan
Keep it and move stoploss into entry
🔻 Goodluck !