Position Strategy Following Bitcoin Decline Trend Line Brea

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Welcome to this updated analysis on BTCUSD Let's get right to it!

As the final downward trend rises above, we will be able to enter the market with even greater weight on the possibility of a rise.

Check your long position strategy based on the support lines and trend lines .

1. Confirm that the rising wave continues after the falling trend line breaks.
2. Please note that the price range of $ 5,550, which had not been able to break the April 26 rally and showed a large decline, has now surpassed. (Primary support line)
3. You can set a long position strategy by checking the 1st and 2nd support line according to each supporting property.
4. Note that the upward trend line is the basis for the upward trend (red line) and may take longer if the downward deviation occurs.
5. Check price range 1 and 2nd resistance wire for-profit clearing.

However, if you break the secondary support line, you will have to check the market again.

This information is to be used for educational purposes only, If you are a beginner trader, please check the normal trading as this is high-risk and can easily produce a loss. We share many, many trades that are basically risk-free.

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