WILL 20K HOLD THE PRICE BACK! BITCOIN UPDATE!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned last time in the previous analysis, price is still around a support zone 20k.
for now, we are still looking for new longs, from a medium-term perspective price is trading inside a falling broadening wedge pattern.
For the bulls to kick in from a short-term perspective we need a break above our major swing high, then a further movement higher would be expected till the upper falling trendline.
Until that as we can see from higher time frame if the price managed to break below our support, then a further movement lower would be expected till the lower next support zone.
Lining up with the previous major swing high broken
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned last time in the previous analysis, price is still around a support zone 20k.
for now, we are still looking for new longs, from a medium-term perspective price is trading inside a falling broadening wedge pattern.
For the bulls to kick in from a short-term perspective we need a break above our major swing high, then a further movement higher would be expected till the upper falling trendline.
Until that as we can see from higher time frame if the price managed to break below our support, then a further movement lower would be expected till the lower next support zone.
Lining up with the previous major swing high broken
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.