BTC is staying strongly above the Demand H1. We can see this level as a support area.
BTC possibly goes back test 8950-9000 with the appearance of Supply H1 and Resistance Line.
What we should do now is waiting for a reversal signal.
There is a possible bullback:
- BTC continually pull back to Demand D4 7850 -8000. There is also a strong support from MA100 D1 at this level
Therefore, we can consider to buy BTC at this point.
In the contrast, if BTC breaks out the Demand D4, goes through the upward channel, and closes the day candle at 7300$, the downtrend continues
Plan : SHORT
Emtry : 8950-9000
TP : 80000
Thanks for watching
BTC possibly goes back test 8950-9000 with the appearance of Supply H1 and Resistance Line.
What we should do now is waiting for a reversal signal.
There is a possible bullback:
- BTC continually pull back to Demand D4 7850 -8000. There is also a strong support from MA100 D1 at this level
Therefore, we can consider to buy BTC at this point.
In the contrast, if BTC breaks out the Demand D4, goes through the upward channel, and closes the day candle at 7300$, the downtrend continues
Plan : SHORT
Emtry : 8950-9000
TP : 80000
Thanks for watching
Trade active:
The train is already running, waiting for target 8000
Trade active: