Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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BTC ROAD TO 52K!! 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising broadening wedge pattern, Moreover, from a medium-term perspective, price started in a correction movement, Trading inside a falling channel.
👉Then, as we mentioned in our previous analysis attached on the chart, If the price managed to break below 60k Then expect a movement lower till the next reject zone which will be around 50k-52k, Where the price will be around a demand zone and our rising trendline from a long term, where we will be interested in looking for new longs.
👉Unless price managed to trade again higher till 60k resistance zone, Then we will be looking for new short as a trend-following of our medium-term trend. 📚
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.
BTC ROAD TO 52K!! 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising broadening wedge pattern, Moreover, from a medium-term perspective, price started in a correction movement, Trading inside a falling channel.
👉Then, as we mentioned in our previous analysis attached on the chart, If the price managed to break below 60k Then expect a movement lower till the next reject zone which will be around 50k-52k, Where the price will be around a demand zone and our rising trendline from a long term, where we will be interested in looking for new longs.
👉Unless price managed to trade again higher till 60k resistance zone, Then we will be looking for new short as a trend-following of our medium-term trend. 📚
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!