nzao

BTCUSD

Short
BITSTAMP:BTCUSD   Bitcoin
✓From monthly timeframe BTC is falling and is expected to go below 38000 befort regain it's momentum up.
✓Break of Market structure observed at 406500, which indicates the probability for price to drope is so high.
✓ price also show strong resistance zone at 42290.
✓ This zone can also be considered as liquidity zone, therefore an interesting area above it can be valid entry setup for sell.
✓The high probable selling zone is between 42500 and 42750.
✓ At this zone one can find any berish confirmation and enter or can enter direct and put stop loss above the zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.