BTCUSDT
BTCUSD
The prior prediction about bitcoin's downward trend came true (like it always does:-)).
There is a chance that the price will fall to the level of 28020 and the red rectangle owing to the breakdown of the daily uptrend line.
There are two possible outcomes for Bitcoin:
First, the risk of a price decrease increases if the candle falls below the specified trend line for the next few hours in daily time (daily candle).
There is a chance of falling in that circumstance, but the likelihood of a pullback to the trend line is higher.
Thanks!
CrazyS.
BTCUSD
The prior prediction about bitcoin's downward trend came true (like it always does:-)).
There is a chance that the price will fall to the level of 28020 and the red rectangle owing to the breakdown of the daily uptrend line.
There are two possible outcomes for Bitcoin:
First, the risk of a price decrease increases if the candle falls below the specified trend line for the next few hours in daily time (daily candle).
- The best entry point for short position is above line 28849, in the middle red rectangle.
- For a short trade, the best stop-loss level is above 30695.
There is a chance of falling in that circumstance, but the likelihood of a pullback to the trend line is higher.
- For the long position, the best entry point is above 29220 and in the middle red rectangle.
- For the long position, the appropriate stop-loss is also below the level of 28849.
Thanks!
CrazyS.
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📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂