BTCUSDT pullback(exhaustion) or beginning of an uptrend with ATH
Reasons to short BTCUSDT -->
1) Downtrend's pullback, build up of bearish flag pattern
2) Multiple resistance to clear
3) bounce from resistance with no clear signs of follow up buying
Reasons to long BTCUSDT -->
1) Price showed bounce from support with morning star doji in 4H timeframe
if you are willing to short wait for confirmations like:
--> candle close below support + bearish candlestick patterns + follow up selling
if you are willing to long wait for:
--> candle closing above black trendline with multiple confirmations
take profits are in the chart for both positions
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
1) Downtrend's pullback, build up of bearish flag pattern
2) Multiple resistance to clear
3) bounce from resistance with no clear signs of follow up buying
Reasons to long BTCUSDT -->
1) Price showed bounce from support with morning star doji in 4H timeframe
if you are willing to short wait for confirmations like:
--> candle close below support + bearish candlestick patterns + follow up selling
if you are willing to long wait for:
--> candle closing above black trendline with multiple confirmations
take profits are in the chart for both positions
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)