Bitcoin has broken a significant accumulation zone that was set for an upward movement, now indicating bearish signals. We will look to enter a short position between the 82,000 - 83,000 range, with a take profit set at 76,000 - 77,000.
This analysis is based on 4-hour and 2-hour timeframes, so we anticipate that this will unfold within 25 to 30 hours. If the expected movement does not occur within this timeframe, the trade will be deemed invalid.
Make sure to follow me to stay updated and continue maximizing your profits!
This analysis is based on 4-hour and 2-hour timeframes, so we anticipate that this will unfold within 25 to 30 hours. If the expected movement does not occur within this timeframe, the trade will be deemed invalid.
Make sure to follow me to stay updated and continue maximizing your profits!
Trade active
Trade closed: stop reached
Bitcoin
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bitcoin
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.