Since the first quarter of this year 2022, BTCUSD is in downtrend and the price of BTC is reduced by 2/3 already.
The Strongest support near the current price is 20000 and 15000 and the strongest resistance is 28000. as per the daily timeframe, it is making a bearish trend and if it continues, soon we will see 15000 and 12000.
The best thing to do is to wait. right now its in Black Level zone which means you can not buy and you can not sell it till we get confirmation of trade. We need to trade when it comes in our zone and ready to drop or fly. bellow 22800, the price of BTC is bearish.
we can make a sell of BTC from 22000-22800. or we can buy it from 12000-13000
The Strongest support near the current price is 20000 and 15000 and the strongest resistance is 28000. as per the daily timeframe, it is making a bearish trend and if it continues, soon we will see 15000 and 12000.
The best thing to do is to wait. right now its in Black Level zone which means you can not buy and you can not sell it till we get confirmation of trade. We need to trade when it comes in our zone and ready to drop or fly. bellow 22800, the price of BTC is bearish.
we can make a sell of BTC from 22000-22800. or we can buy it from 12000-13000
Trade closed manually:
We closed at 17500 price with 250 pips profit