BTCUSD Downtrend???
After reaching a new high, BTCUSD faced rejections with each upward attempt, resulting in the formation of a downtrend. This downtrend is expected to persist unless the trendline is broken. Currently, BTCUSD is experiencing another rejection, and if this rejection is confirmed at the top of the trendline, it indicates a bearish outlook.
-TP and SL are marked.
-Risk only 1% per trade.
-Once the trade is 1000 in profit move SL to Breakeven
-TP and SL are marked.
-Risk only 1% per trade.
-Once the trade is 1000 in profit move SL to Breakeven
Trade active
Over 600 pips in profitTrade active
2200 pips in profit.SL to breakevenTrade active
3000 pips in profit. Secure and let it runTrade active
BTC is likely heading to 54000 and even 51000 is possibleTrade active
TP2 54000 hitTrade closed: target reached
16500 pips
Final target 50000 Done
Trade active
If a support of 50,000 is broken on the next attempt, we will likely see 42,000 and 26,000.
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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.