wagmitraders

Bitcoin Analysis

Short
wagmitraders Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
#Bitcoin

As long as BTC fails to break the $35,280 level, it may aim for a downward movement towards $33,380.

Therefore, it's advisable to be cautious in long trades until the $35,280 level is achieved.

NFA.
Comment:
If Bitcoin loses the $34,174 support, it will likely drop faster to our expected target of $33,380. As long as Bitcoin remains above $34,174 and closes candles, it may retest the $35,280 level.

NFA.
Trade active
Order cancelled:
With the surpassing of the $35,280 level and the occurrence of candle closes above it, the market structure in Bitcoin has shifted, leading to an upward movement. We will update the analysis soon.

NFA

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.